Business

CRH to buy back $300m in shares

Move is part of wider scheme to reduce share capital and return money to shareholders

CRH has already returned $2.3bn to shareholders since the buyback scheme began in 2018

Ciara O'Brien
Wed Jun 30 2021 - 07:59

Building materials group CRH is to continue its share buyback programme buying up to $300 million of shares on the Dublin market.

CRH said it had entered into arrangements with Societe Generale to repurchase ordinary shares on the company's behalf for up to $300 million, running from June 30th until October 1st.

The buyback is set to reduce the share capital of CRH and follows the authority granted at CRH’s agm in April to repurchase up to 10 per cent of the company’s ordinary shares in issue.

The announcement follows confirmation on Monday that the company had completed the latest phase of its share buyback programme, returning a further $300,000 to shareholders.

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A total of $2.3 billion has been returned to shareholders since the buyback scheme began in May 2018.

Ciara O'Brien

Ciara O'Brien

Ciara O'Brien is an Irish Times business and technology journalist

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