CRH ends latest phase of buyback programme

BUILDING materials group CRH has completed the latest phase of its share buyback programme, returning a further €240m of cash to shareholders.

Ireland’s biggest company has returned some €1.6bn to shareholders since it started repurchasing its shares in May 2018.

CRH 1

CRH

In its latest buyback, between August 26, 2019 and January 3, some 7.6m ordinary shares were repurchased on Euronext Dublin at an average discount of 3.1pc to the volume weighted average price over the period.

CRH has also entered into an arrangement with Davy Stockbrokers to buy back a further €200m in shares.

The latest buyback started on January 7 and will end by March 31.

CRH also confirmed that, as announced last September, former Bank of Ireland CEO Richie Boucher became Chairman of the CRH Board on January 1, 2020.

Boucher succeeds Mr N Hartery, who stepped down from the Board at the end of 2019.

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