2nd Aug 2018 08:42
LONDON (Alliance News) - Cement manufacturer CRH PLC said Thursday that it has returned EUR350 million of cash to shareholders in the first phase of previously announced share buyback programme.
The company repurchased 11.4 million ordinary shares between May 2 and July 31 at an average discount of 0.5% to the volume weighted average price over the period.
In April, the company announced its intention to repurchase up to EUR1 billion worth of ordinary shares over the next 12 months. The company entered into arrangements with UBS AG, London Branch, to repurchase EUR350 million worth of shares.
Shares in the company were trading 0.4% lower at 2,521.71 pence each on Thursday morning.
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