8-K

CRH PUBLIC LTD CO 8-K Report (Nov 22, 2017)

Filed November 22, 2017For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on November 22, 2017, to announce an additional listing of Ordinary Shares. This filing is primarily informational, detailing the application for admitting 87,996 Ordinary Shares, with a nominal value of €0.32 each, 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 key takeaway for investors is that these shares are being issued under Employee Share Participation Schemes and are expected to be admitted to trading on November 27, 2017. Upon issuance, these new shares will rank equally (pari passu) with the existing Ordinary Shares, meaning they will carry the same rights and privileges.

Key Highlights

  • 1CRH announced an additional listing of 87,996 Ordinary Shares.
  • 2The Ordinary Shares have a nominal value of €0.32 each.
  • 3Application made for listing on the Official Lists of the U.K. Listing Authority and the Irish Stock Exchange.
  • 4Application made for listing on the London Stock Exchange and the Main Securities Market of the Irish Stock Exchange.
  • 5The shares are being issued under Employee Share Participation Schemes.
  • 6Admission to trading is expected on November 27, 2017.
  • 7New shares will rank pari passu with existing Ordinary Shares upon issuance.

Frequently Asked Questions

The primary purpose of this Form 6-K filing is to inform the market about CRH's application to list an additional 87,996 Ordinary Shares on major stock exchanges, including the London Stock Exchange and the Irish Stock Exchange. This is typically done to facilitate the issuance of shares under employee incentive plans.

These new Ordinary Shares are being issued as part of CRH's Employee Share Participation Schemes. This is a common practice for companies to incentivize and reward their employees.

The new shares will rank 'pari passu' with the existing Ordinary Shares. This means they will have the same rights, voting power, and entitlement to dividends and capital as the currently outstanding shares. Therefore, from a rights perspective, there is no dilution of rights for existing shareholders. However, the total number of outstanding shares will increase slightly.

Admission of these shares to the relevant stock exchanges is expected to be granted on November 27, 2017.