Summary
CRH Public Limited Company (CRH) filed a Form 6-K on May 3, 2018, reporting on a transaction involving its own shares. The company re-issued treasury shares to participants in its employee share schemes on May 2, 2018. This action involved the transfer of 3,174 ordinary shares at specified prices in both Euros and Pounds Sterling. This filing is primarily informational, providing transparency on CRH's share movements related to its employee compensation programs. Investors should note the specific number of shares re-issued and the resulting impact on the company's treasury stock balance and total shares outstanding. The event details offer insight into how CRH manages its equity for employee incentives.
Key Highlights
- 1CRH plc re-issued 3,174 treasury shares on May 2, 2018.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3Transactions occurred at prices of €16.19, £15.54, and £16.16 per Ordinary Share.
- 4Following the re-issue, CRH plc holds 250,674 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares in issue, excluding treasury shares, is 841,298,234.
Frequently Asked Questions
This Form 6-K filing provides transparency regarding CRH's share capital management. Specifically, it details the re-issuance of treasury shares to employees through share schemes, which is a common practice for compensation and incentive purposes.
CRH re-issued a total of 3,174 Ordinary Shares. These were transferred at a price of €16.19 per share, and also at £15.54 and £16.16 per share.
After the re-issuance, CRH plc holds 250,674 Ordinary Shares in Treasury. The total number of Ordinary Shares in issue, excluding these treasury shares, is 841,298,234.
This is a relatively small number of shares re-issued from treasury stock to employees. While it slightly reduces the treasury stock balance and increases the shares outstanding, it is unlikely to cause a significant dilution or material change to the overall ownership structure for external investors.