8-K

CRH PUBLIC LTD CO 8-K Report (Jun 27, 2016)

Filed June 27, 2016For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 27, 2016, reporting an application for the additional listing of 1,000,000 Ordinary Shares. These shares are to be admitted to the Official Lists of the U.K. Listing Authority and the Irish Stock Exchange, as well as to the London Stock Exchange and the Main Securities Market of the Irish Stock Exchange. The admission is anticipated on June 29, 2016. The primary purpose of this share issuance is to fulfill obligations under the CRH plc 2010 Savings-Related Share Option Scheme. The newly issued shares will carry the same rights and privileges as existing ordinary shares, ranking pari passu. This action indicates continued employee incentive programs and potential dilution, although the number of shares is relatively small compared to the total outstanding shares.

Key Highlights

  • 1CRH is seeking to list an additional 1,000,000 Ordinary Shares.
  • 2The shares are being admitted to both the U.K. Listing Authority and the Irish Stock Exchange Official Lists.
  • 3The shares will also be listed on the London Stock Exchange and the Main Securities Market of the Irish Stock Exchange.
  • 4Admission is expected to occur on June 29, 2016.
  • 5These shares are being issued under the CRH plc 2010 Savings-Related Share Option Scheme.
  • 6The new shares will rank pari passu with existing ordinary shares upon issuance.
  • 7This filing is a Form 6-K, indicating it's a report from a foreign private issuer.

Frequently Asked Questions

CRH is listing an additional 1,000,000 Ordinary Shares primarily to fulfill its obligations under the CRH plc 2010 Savings-Related Share Option Scheme. This means the shares will be used to grant options or shares to employees as part of their compensation or incentive program.

The 1,000,000 new ordinary shares will rank pari passu with existing ordinary shares. This means they will have the same rights regarding dividends, voting, and other entitlements. While this represents a small increase in the total number of outstanding shares, it could lead to a slight dilution of earnings per share and voting power for existing shareholders.

The shares are being admitted to the Official Lists of the U.K. Listing Authority and the Irish Stock Exchange. They will also be available for trading on the London Stock Exchange's market for listed securities and the Main Securities Market of the Irish Stock Exchange.

Admission of the shares to the relevant stock exchanges is expected to be granted on June 29, 2016.