CRH: completes first phase of share buyback program

(CercleFinance.com) - Having completed the first phase of its share buyback program, the Irish building materials group CRH is now starting the second phase of the plan today, the company said on Wednesday.


CRH today said that it has entered into arrangements with Swiss investment bank UBS to repurchase ordinary shares for a maximum consideration of 350 million euros as part of the second phase of the plan.

The Phase 2 program is set to end by 19 November 2018.

Under the terms of the program, ordinary shares will be repurchased on the London Stock Exchange and/or Euronext Dublin.

In last April 25 April, CRH announced its intention to repurchase up to 1 billion euros of its ordinary shares over the next 12 months.

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