Update to Phase 3 of Share Buyback Programme
DUBLIN, IRELAND / ACCESSWIRE / November 27, 2018 / On 25 April 2018, CRH plc (CRH) (CRH.L) announced its intention to repurchase ordinary shares of up to €1 billion over the next 12 months. CRH announced on 20 November 2018 the commencement of a programme to repurchase ordinary shares for a maximum consideration of €100 million (the "Phase 3 Programme").
CRH today announces that it has entered into non-discretionary instructions with Merrill Lynch International to conduct the Phase 3 Programme on its behalf and to make trading decisions under the Phase 3 Programme independently of CRH in accordance with certain pre-set parameters. The other details of the Phase 3 Programme which were announced on 20 November 2018 remain unchanged.
This announcement relates solely to the Phase 3 Programme and any decision in relation to any future buyback programmes will be based on an ongoing assessment of the capital needs of the business and general market conditions.
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
Head of Investor Relations
Registered Office: No 12965. Registered Office: 42 Fitzwilliam Square, Dublin 2, R02 R279, Ireland
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SOURCE: CRH plc