CRH returns EUR 350m to shareholders in first phase of buyback

Building materials group CRH has completed the first phase of its share buyback programme, returning €350m of cash to shareholders, it confirmed on Thursday.

The FTSE 100 company said that between 2 May and 31 July, 11.4 million ordinary shares were repurchased on the London Stock Exchange at an average discount of 0.5% to the volume weighted average price over the period.

“Details relating to subsequent phases of our share buyback programme will be announced in due course,” the CRH board said in its statement.