UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, DC
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A - 16 OR 15D - 16 OF
THE SECURITIES EXCHANGE ACT OF 1934
28 December 2018
Commission
File No. 001-32846
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CRH
public limited company
(Translation of registrant's name into English)
____________________________
Belgard Castle, Clondalkin,
Dublin 22, Ireland.
(Address of principal executive offices)
____________________________
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F X Form
40-F___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation
S-T Rule 101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation
S-T Rule 101(b)(7):________
Enclosure:
Update to Share Buyback
Programme
Press Release
CRH Completes Phase 3 and Announces Phase 4 of Share Buyback
Programme
On 25 April 2018, CRH plc announced its intention to repurchase
ordinary shares of up to €1 billion over the next 12 months.
CRH is pleased to announce that it has completed the third phase of
its share buyback programme, returning a further €100 million
of cash to shareholders (the "Phase 3 Programme").
Between 27 November 2018 and 21 December 2018, 4.1 million ordinary
shares were repurchased on the London Stock Exchange. This brings
total cash returned to shareholders under the ongoing €1
billion share buyback programme to €800 million.
CRH today also announces that it has entered into arrangements with
UBS A.G., London Branch ("UBS") to repurchase ordinary shares on
CRH's behalf for a maximum consideration of €200 million (the
"Phase 4 Programme").
The Phase 4 Programme will commence on 2 January 2019, and will end
no later than 29 March 2019. This will complete the €1
billion share buyback programme as announced on 25 April
2018.
Under the terms of the Phase 4 Programme, ordinary shares will be
repurchased on the London Stock Exchange and/or Euronext Dublin.
CRH has entered into non-discretionary instructions with UBS to
conduct the Phase 4 Programme on its behalf and to make trading
decisions under the Phase 4 Programme independently of CRH in
accordance with certain pre-set parameters.
The Phase 4 Programme, the purpose of which is to reduce the share
capital of CRH, will be conducted within the limitations of the
authority granted at CRH's AGM on 26 April 2018 to repurchase up to
10% of the Company's ordinary shares in issue (being 56,199,571
ordinary shares following the completion of the first, second and
third phases of the buyback programme).
The Phase 4 Programme will also be conducted within the parameters
prescribed by the Market Abuse Regulation 596/2014, the Commission
Delegated Regulation (EU) 2016/1052 and Chapter 12 of the UK
Listing Rules. The repurchased ordinary shares will be held in
treasury pending their cancellation or re-issue in due
course.
This announcement relates solely to the completion of the Phase 3
Programme and the commencement of the Phase 4 Programme and any
decision in relation to any future buyback programmes will be based
on an ongoing assessment of the capital needs of the business and
general market conditions by the CRH Board of
Directors.
****
Contact CRH at Dublin 404 1000 (+353 1 404 1000)
Albert Manifold
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Chief Executive
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Senan Murphy
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Finance Director
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Frank Heisterkamp
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Head of Investor Relations
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About CRH
CRH (LSE: CRH, ISE: CRG, NYSE: CRH) is a leading global diversified
building materials group, employing 85,000 people at over 3,600
operating locations in 32 countries worldwide. CRH is the second
largest building materials company worldwide and the largest in
North America. The Group has leadership positions in Europe, where
it is the largest heavyside materials business, as well as
established strategic positions in the emerging economic regions of
Asia and South America. CRH is committed to improving the built
environment through the delivery of superior materials and products
for the
construction and maintenance of infrastructure, housing and
commercial projects. A
Fortune 500 company, CRH is a constituent member of the FTSE 100
index, the EURO STOXX 50 index, the ISEQ 20 and the Dow Jones
Sustainability Index (DJSI) Europe. CRH's American Depositary
Shares are listed on the New York Stock Exchange
(NYSE). CRH's
market capitalisation at 30 November 2018 was approximately
€20 billion. For more information
visit www.crh.com.
Registered Office: No 12965. Registered Office: 42 Fitzwilliam
Square, Dublin 2, R02 R279, Ireland
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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CRH public limited company
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(Registrant)
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Date
28 December
2018
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By:___/s/Neil
Colgan___
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N.Colgan
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Company Secretary
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