CRH has completed the second phase of its share buyback programme, returning a further €350 million of cash to shareholders.
The company says the 12.5m ordinary shares between 29 August 2018 and 18 October were repurchased on the London Stock Exchange and Euronext Dublin at an average discount of 1.3% to the volume weighted average price over the period.
According to CRH, this brings total cash returned to shareholders under the company’s ongoing €1 billion share buyback programme to approximately €700m. The remaining portion of the programme is under active consideration and further details will be announced in due course.
In August, CRH completed the first phase of its share buyback programme, returning €350m of cash to shareholders.
From 2 May and 31 July 2018, 11.4m ordinary shares were repurchased on the London Stock Exchange at an average discount of 0.5% to the volume weighted average price over the period.
