2nd May 2018 09:14
LONDON (Alliance News) - Cement manufacturer CRH PLC said Wednesday it has commenced first phase of its previously announced share buyback programme.
Last month, the company announced its intention to repurchase up to EUR1 billion worth of ordinary shares over the next 12 months. The company now has entered into arrangements with UBS AG, London Branch, to repurchase EUR350 million worth of shares.
The company's Phase 1 share buyback programme will commence immediately and end no later than August 22.
CRH shares were trading 2.1% higher at 2,636.00 pence in morning trade.
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