CRH Starts EUR1 Billion Buyback Program
May 02 2018 - 2:52AM
Dow Jones News
By Dimitrios Kontos
CRH PLC (CRG.DB) is starting Wednesday the first phase of its 1
billion euro ($1.20 billion) buyback program by repurchasing
ordinary shares for a maximum consideration of EUR350 million, it
said.
The Irish building company said the first phase will end no
later than Aug. 22.
The company will repurchase up to 10%, or 84.1 million, of its
issued shares, CRH said.
In connection with the buyback, the board has approved the
suspension of the scrip dividend. The final 2017 dividend to be
paid on May 4 will not be affected by the scrip dividend
suspension, the company said.
Write to Dimitrios Kontos at dimitrios.kontos@dowjones.com
(END) Dow Jones Newswires
May 02, 2018 02:37 ET (06:37 GMT)
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