REG-CRH plc CRH Continues Share Buyback Program

CRHAnnouncement

29/02/2024 07:15

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CRH Continues Share Buyback Program

 

CRH plc, the leading provider of building materials solutions, is pleased to
announce that it has completed the latest phase of its share buyback program,
returning a further $0.3 billion of cash to shareholders.

Between December 21, 2023 and February 28, 2024, 4.2 million ordinary shares
listed on the New York Stock Exchange were repurchased. This brings total cash
returned to shareholders under our ongoing share buyback program to $7.3
billion since its commencement in May 2018.

CRH today also announces that it has entered into an arrangement with Barclays
Capital Inc. (“Barclays”) to repurchase ordinary shares listed on the New
York Stock Exchange on CRH’s behalf for an aggregate maximum consideration
of up to $300 million (the “Buyback”). The Buyback will commence today,
February 29, 2024, and will end no later than May 9, 2024.

Barclays will conduct the Buyback on CRH’s behalf and will make trading
decisions under the Buyback independently of CRH in accordance with certain
pre-set parameters. The maximum number of ordinary shares which may be
acquired pursuant to the Buyback is 13,000,000. The purpose of the Buyback is
to reduce the share capital of CRH.

The Buyback will be conducted within the parameters prescribed by (i) Rule
10b5-1 and Rule 10b-18 under the U.S. Securities Exchange Act of 1934, as
amended and (ii) the EU Market Abuse Regulation (596/2014) and Commission
Delegated Regulation (EU) 2016/1052 as such legislation forms part of the law
in the United Kingdom (“UK”) pursuant to the EU (Withdrawal) Act 2018 (as
may be amended and/or supplemented from time to time). No repurchases will be
made outside of the United States. The repurchased ordinary shares will be
cancelled.

Any decision in relation to any future buyback program will be based on an
ongoing assessment of the capital needs of the business and general market
conditions.

About CRH

CRH (NYSE: CRH, LSE: CRH) is the leading provider of building materials
solutions that build, connect and improve our world. Employing c.78,500 people
at c.3,390 operating locations in 29 countries, CRH has market leadership
positions in both North America and Europe. As the essential partner for
transportation and critical utility infrastructure projects, complex
non-residential construction and outdoor living solutions, CRH’s unique
offering of materials, products and value-added services helps to deliver a
more resilient and sustainable built environment. The company is ranked among
sector leaders by Environmental, Social and Governance (ESG) rating agencies.
A Fortune 500 company, CRH’s shares are listed on the NYSE and LSE.

Registered Office: No 12965. Registered Office: 42 Fitzwilliam Square, Dublin
2, R02 R279, Ireland

Forward-Looking Statements

This document contains statements that are, or may be deemed to be,
forward-looking statements within the meaning of the United States Private
Securities Litigation Reform Act of 1995. These forward-looking statements may
generally, but not always, be identified by the use of words such as "will" or
similar expressions. These forward-looking statements include all matters that
are not historical facts or matters of fact at the date of this document.
Forward-looking statements are subject to risks, uncertainties and other
factors because they relate to events and depend on circumstances that may or
may not occur in the future and/or are beyond CRH’s control or precise
estimate. Such forward-looking statements include, but are not limited to,
expectations related to the structure, timing and volume of the Buyback and
manner in which the Buyback will be conducted and expectations related to
decisions on any future buyback program. There are important factors that
could cause actual outcomes and results to be materially different, including
risks and uncertainties relating to CRH described under “Principal Risks and
Uncertainties (Risk Factors)” of CRH’s Annual Report and Form 20-F for the
year ended December 31, 2022 and CRH’s other filings with the U.S.
Securities and Exchange Commission. You are cautioned not to place undue
reliance on any forward-looking statements. These forward-looking statements
are made as of the date of this document. CRH expressly disclaims any
obligation or undertaking to publicly update or revise these forward-looking
statements other than as required by applicable law.

Contact CRH at +353 1 404 1000 

Albert Manifold, Chief Executive

Jim Mintern, Chief Financial Officer

Frank Heisterkamp, Director of Capital Markets & ESG

Tom Holmes, Head of Investor Relations



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