logo
  

CRH Plc Continues Share Buyback Programme

CRH plc (CRH,CRH.L), on Wednesday, announced the continuation of its share buyback programme.

The company noted that it has entered into arrangements with Societe Generale to repurchase ordinary shares on CRH's behalf for a consideration of up to $300 million. The Buyback would commence on June 30, 2021, and would end no later than October 1, 2021.

As per the terms of the Buyback, ordinary shares would be repurchased on Euronext Dublin. CRH has entered into non-discretionary instructions with Societe Generale, acting as principal, to conduct the Buyback on CRH's behalf and to make trading decisions under the Buyback independently of CRH in accordance with certain pre-set parameters.

The purpose of the Buyback is to reduce the share capital of CRH and it would be conducted within the limitations of the authority granted at CRH's AGM on 29 April 2021 to repurchase up to 10% of the company's ordinary shares in issue, CRH stated.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Sandoz, Inc., an unit of Novartis AG, is recalling one lot of deep vein thrombosis (DVT) medication Enoxaparin Sodium in the form of injection for the potential exposure to high temperatures that may have impacted product effectiveness, the U.S. Food and Drug Administration or FDA said in a statement. Livia Global, Inc., a health and wellness company, is recalling two lots of its Liviaone liquid probiotics citing the possibility of contamination by Pseudomonas aeruginosa, the U.S. Food and Drug Administration said. Pseudomonas aeruginosa is a microorganism found in the environment that, if ingested, can cause life-threatening infection in immunocompromised individuals. United Airlines operated Thursday the first ever passenger flight using 100% Sustainable Aviation Fuel or SAF as part of its efforts to combat climate change. The airline flew the green flight from Chicago's O'Hare International Airport or ORD to Washington, D.C.'s Reagan National Airport or DCA with more than 100 passengers.
RELATED NEWS
Follow RTT