CRH has announced its intention to repurchase ordinary shares of up to €1 billion over the next 12 months.

Having completed the first phase of its share buyback programme on July 31, under which €350 million of cash was returned to shareholders, CRH today announced that it has entered into arrangements with UBS to repurchase ordinary shares on CRH's behalf for a maximum consideration of €350 million.

The Phase 2 Programme will commence today, and will end no later than November 19.

Ordinary shares will be repurchased on the London Stock Exchange and/or Euronext Dublin.