CRH plc (CRH) has released an update.
CRH plc has recently announced the buyback and cancellation of a specified number of its ordinary shares as part of its ongoing share repurchase program, with the intention to buy back up to $300 million worth of shares by November 6, 2024. Following these transactions, the total number of ordinary shares in issue will decrease, and the company will hold a significant percentage of the remaining shares in treasury, which do not carry voting rights. This move is part of the company’s capital return program to shareholders and reflects its cash generation and commitment to delivering shareholder value.
For further insights into CRH stock, check out TipRanks’ Stock Analysis page.
