CRH Plc Updates Planned Phase 3 Share Buy Back Programme

(RTTNews) - CRH Plc. (CRH, CRH.L), a building materials group, on Tuesday issued an update to Phase 3 of share buyback programme.

The company on November 20 announced the commencement of a Phase 3 Programme, to repurchase ordinary shares for a maximum consideration of 100 million euros.

Earlier, in April, the company had announced its intention to repurchase ordinary shares of up to 1 billion euros over the next 12 months.

CRH now said it has entered into non-discretionary instructions with Merrill Lynch International to conduct the Phase 3 Programme on its behalf and to make trading decisions under the Phase 3 Programme independently of CRH in accordance with certain pre-set parameters.

The other details of the Phase 3 Programme which were announced on November 20 remain unchanged.