Summary
CRH Public Limited Company (CRH) announced on November 23, 2016, its application for the additional listing of 63,186 Ordinary Shares of €0.32 each on both the U.K. Listing Authority's Official List and the Irish Stock Exchange's Main Securities Market. These shares are also set to be admitted to trading on the London Stock Exchange's market for listed securities. This filing is a routine notification related to the issuance of shares under employee share participation schemes.
Key Highlights
- 1CRH has applied for the listing of 63,186 Ordinary Shares.
- 2The shares are priced at €0.32 each.
- 3The shares will be admitted to the Official Lists of the U.K. Listing Authority and the Irish Stock Exchange.
- 4Admission is also sought for trading on the London Stock Exchange's market for listed securities.
- 5The shares are intended for the Main Securities Market of the Irish Stock Exchange.
- 6Admission is expected on November 28, 2016.
- 7These shares are being issued under various Employee Share Participation Schemes and will rank pari passu with existing Ordinary Shares.
Frequently Asked Questions
The primary purpose of this filing is to notify the SEC about CRH's application for the additional listing of 63,186 Ordinary Shares on the UK and Irish stock exchanges, which are being issued under employee share participation schemes.
The shares are being issued as part of CRH's various Employee Share Participation Schemes. This is a common practice for companies to incentivize and reward their employees.
The filing states that the new shares will rank 'pari passu' with existing Ordinary Shares. This means they will have the same rights and privileges, so there should be no dilutive effect on existing shareholders' rights or control. The number of shares being added is relatively small in the context of a publicly traded company.
Admission of these shares to the relevant stock exchanges is expected to be granted on November 28, 2016.