CRH plc Completes Share Buyback Program
Acquisition and Cancellation of 62,099 Ordinary Shares
Continuing Shareholder Returns and Commitment to Value Creation
Dublin, Ireland – June 10th, 2023 – CRH plc (CRH), the leading provider of building materials solutions, today announced the completion of the latest phase of its share buyback program. The company has repurchased and subsequently cancelled 62,099 of its ordinary shares, bringing the total number of shares acquired under the program to 300,000.
The share buyback program, as part of CRH's wider capital allocation strategy, demonstrates the company's commitment to returning capital to shareholders and creating long-term value. The program was initiated in December 2022 and has consistently delivered strong results, reflecting the company's disciplined approach to financial management and its confidence in its future prospects.
Alberto Maggi, CEO of CRH, commented: "We are pleased to have completed another successful phase of our share buyback program. This program underscores our commitment to creating value for our shareholders and allocating capital in a manner that supports our long-term growth and profitability objectives. We remain focused on executing our strategic priorities and delivering sustainable returns for all of our stakeholders."
CRH continues to explore opportunities for value creation through organic growth, acquisitions, and strategic partnerships. The company's strong financial position and proven track record of innovation provide a solid foundation for continued success.
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