CRH: UBS To Buy Back Up To $300 Mln Shares On CRH's Behalf - Quick Facts

(RTTNews) - Building materials group CRH Plc (CRH, CRH.L) announced Thursday that it has entered into arrangements with UBS A.G., London Branch to repurchase ordinary shares on CRH's behalf for a consideration of up to $300 million.

The buyback will commence today, September 30, and will end no later than December 23.

CRH also announced that it has completed the latest phase of its share buyback programme, returning a further $0.3 billion of cash to shareholders.

Between June 30 and September 27, 6.0 million ordinary shares were repurchased on Euronext Dublin at an average discount of 0.91% to the volume weighted average price over the period.

This brings total cash returned to shareholders under the ongoing share buyback programme to $2.6 billion since its commencement in May 2018.

Under the terms of the new buyback, ordinary shares will be repurchased on Euronext Dublin. With this, the company aims to reduce its share capital.