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CRH plc ( (CRH) ) has shared an update.
CRH plc, a leading player in the building materials industry, has announced the acquisition and cancellation of its own shares as part of a $300 million share buyback program. This move, executed through its broker Mizuho Securities USA LLC, aims to optimize its capital structure and return value to shareholders. The transactions, which took place across multiple trading venues, result in CRH having 678,091,320 ordinary shares in issue, excluding treasury shares, which account for 5.713% of the issued share capital. This strategic action is anticipated to enhance shareholder value and reflects CRH’s commitment to efficient capital management.
More about CRH plc
YTD Price Performance: 46.40%
Average Trading Volume: 678,413
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £52.55B
Learn more about CRH stock on TipRanks’ Stock Analysis page.
