Summary
CRH plc filed a Form 6-K reporting a transaction involving its own shares. On May 9, 2018, the company re-issued 4,148 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at varying prices denominated in both Euros and Pounds Sterling, reflecting different options or grant types within the schemes. This transaction has resulted in a slight decrease in the number of shares held in treasury, bringing the total to 884,353 ordinary shares. The number of outstanding ordinary shares, excluding those held in treasury, is now reported at 842,505,985. This filing provides transparency regarding the company's share capital management and its engagement with employee incentive programs.
Key Highlights
- 1CRH plc re-issued 4,148 ordinary shares from treasury on May 9, 2018.
- 2The re-issuance was to participants in CRH's employee share schemes.
- 3Shares were transferred at prices ranging from €16.19 to €17.30 and £15.54 to £16.16 per ordinary share.
- 4Following the transaction, CRH holds 884,353 ordinary shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 842,505,985.
Frequently Asked Questions
This Form 6-K filing is to report a specific transaction: the re-issuance of treasury shares to employees under their share schemes. It's a disclosure requirement for significant changes in the company's share capital or related activities.
CRH re-issued treasury shares as part of its employee share schemes. This is a common practice to provide equity-based compensation or incentives to employees, aligning their interests with those of the company's shareholders.
This transaction re-allocates shares that were already issued but held in treasury. It does not increase the total number of shares outstanding in the market. The number of shares in issue (excluding treasury) has slightly decreased as these shares were transferred out of treasury.
The varying prices (in EUR and GBP) likely reflect different grant conditions, exercise prices of options, or the specific terms of the various employee share schemes under which the shares were transferred. It indicates a diversified approach to employee equity compensation.