CRH In Deal With Davy To Buy Back Up To EUR 350 Mln Shares On Its Behalf

(RTTNews) - Building materials group CRH Plc (CRH, CRH.L) announced Monday that it has entered into arrangements with J&E Davy to repurchase ordinary shares on CRH's behalf for a maximum consideration of 350 million euros.

The move is part of its earlier announced intention to continue its share buyback program with a further tranche of up to 350 million euros.

The Buyback will commence Monday and will end no later than August 16.

CRH has entered into non-discretionary instructions with Davy to conduct the Buyback on its behalf.

With the buyback, the company plans to reduce its share capital.