CRH returns $300m to investors in share buyback scheme

Building materials giant CRH has returned $300 million (€252 million) to shareholders following the latest phase of its share buyback programme, the company announced on Monday.

In a note to investors, it said: CRH, the leading building materials business in the world, is pleased to announce that it has completed the latest phase of its share buyback programme, returning a further $0.3 billion of cash to shareholders.”

Between March 8th and June 24th, 5.8 million ordinary shares were repurchased on Euronext Dublin at an average discount of 1.03 per cent to the volume weighted average price over the period.

This brings total cash returned to shareholders under the ongoing share buyback programme to $2.3 billion since its commencement in May 2018. Further share buybacks are under active consideration, the group said.