CRH Extends Share Buyback
CRH, a global leader in building materials solutions, today announced the successful completion of the latest phase of its ongoing share buyback program, returning a substantial $0.3 billion in cash directly to its shareholders. This завершение marks another step in CRH’s long-term strategy of enhancing shareholder value through disciplined capital allocation.
Between February 27, 2025, and May 2, 2025, CRH repurchased 3.3 million of its ordinary shares listed on the New York Stock Exchange (NYSE). This recent activity brings the total cash returned to shareholders under CRH’s consistent share buyback program to an impressive $8.8 billion since its inception in May 2018. This significant return of capital underscores the company’s strong financial position and its commitment to delivering value to its investors.
Building upon this momentum, CRH today also announced the initiation of a new share buyback program. The company has entered into an arrangement with BNP Paribas Securities Corp. (“BNPP”) to repurchase ordinary shares listed on the NYSE on CRH’s behalf. This new program will have an aggregate maximum consideration of up to $0.3 billion (the “Buyback”). The Buyback is scheduled to commence today, May 6, 2025, and will continue for a period not exceeding three months, concluding no later than August 5, 2025.
Under the terms of the arrangement, BNPP will execute the Buyback independently of CRH, making all trading decisions based on pre-defined parameters. This independent execution ensures compliance with regulatory requirements and allows for efficient and strategic repurchases within the specified timeframe and monetary limit. The maximum number of ordinary shares that may be acquired under this new Buyback program is capped at 40,000,000.
The primary objective of CRH’s share buyback program is to reduce the company’s share capital. By decreasing the number of outstanding shares, earnings per share (EPS) can potentially increase, which can positively impact shareholder value over time. This strategy reflects CRH’s confidence in its future performance and its commitment to optimizing its capital structure.
The execution of this Buyback will adhere strictly to the guidelines and regulations set forth by both U.S. and UK authorities. Specifically, the program will be conducted within the parameters prescribed by (i) Rule 10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as amended, and (ii) the EU Market Abuse Regulation (596/2014) and Commission Delegated Regulation (EU) 2016/1052, as these regulations have been incorporated into UK law following Brexit under the EU (Withdrawal) Act 2018. It is important to note that all repurchases will be exclusively conducted within the United States.
Following the repurchase of shares under this program, the acquired ordinary shares will be cancelled, further contributing to the reduction of CRH’s share capital.
CRH emphasized that any future decisions regarding further share buyback programs will be based on a continuous evaluation of the company’s capital needs, the overall performance of the business, and prevailing general market conditions. This prudent approach ensures that share repurchases are undertaken strategically and in a manner that is consistent with maximizing long-term shareholder value while maintaining the financial strength and flexibility of the company.
The completion of the latest $0.3 billion buyback phase and the immediate commencement of a new $0.3 billion program demonstrate CRH’s ongoing commitment to returning capital to its shareholders. This consistent execution of its share buyback strategy, which has now returned $8.8 billion since 2018, highlights CRH’s robust financial health and its dedication to enhancing shareholder returns. The market’s response to these initiatives often reflects investor confidence in the company’s financial discipline and future prospects. As a leading provider of essential building materials, CRH’s consistent performance and strategic capital allocation decisions are key factors in its long-term success and its ability to deliver sustained value to its shareholders. The new buyback program, managed independently by BNP Paribas Securities Corp. within well-defined regulatory frameworks, is poised to continue this trend of value creation for CRH’s investors.
