Summary
CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on March 16, 2018, to report on the additional listing of new ordinary shares. The company announced the allotment of 2,034,112 new Ordinary Shares of €0.32 each under its 2014 Performance Share Plan. These new shares will 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.
Key Highlights
- 1CRH announced the issuance of 2,034,112 new Ordinary Shares.
- 2These shares were allotted under the Group's 2014 Performance Share Plan.
- 3An application has been made for the new shares to be admitted to the Official Lists of the U.K. Listing Authority and the Irish Stock Exchange.
- 4The new shares will also be admitted to trading on the London Stock Exchange and the Main Securities Market of the Irish Stock Exchange.
- 5The new shares will rank pari passu (equally) with existing Ordinary Shares.
- 6Admission of these new shares is expected on March 21, 2018.
- 7Additional shares, previously allotted under an employee share participation scheme, are also expected to be admitted on March 21, 2018.
Frequently Asked Questions
The primary purpose of this filing is to inform investors and the market about the additional listing of new ordinary shares on stock exchanges, stemming from the company's employee incentive plans.
CRH is adding 2,034,112 new Ordinary Shares from its 2014 Performance Share Plan, plus additional shares from a previously announced employee share participation scheme.
The term 'pari passu' means that the new ordinary shares will have the same rights and privileges as the existing ordinary shares of CRH, including voting rights and dividend entitlements, from the date of their admission.
Admission of the new shares is expected to be granted on March 21, 2018.