Summary
CRH Public Limited Company (CRH) filed a Form 6-K on May 24, 2018, to report a transaction involving its own shares. The company announced that on May 23, 2018, it re-issued 8,184 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at a price of €16.19 per share. This transaction has a minor impact on the company's outstanding share count. Following this re-issuance, CRH now holds 2,426,844 ordinary shares in treasury, and the total number of ordinary shares in issue (excluding treasury shares) stands at 840,963,494. This disclosure is part of CRH's ongoing reporting obligations as a foreign private issuer.
Key Highlights
- 1CRH plc re-issued 8,184 ordinary shares from treasury on May 23, 2018.
- 2The shares were transferred to participants in an employee share scheme.
- 3The transaction price was €16.19 per ordinary share.
- 4Following the transaction, CRH holds 2,426,844 ordinary shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 840,963,494.
- 6This filing is made under Form 6-K, a report for foreign private issuers.
Frequently Asked Questions
Re-issuing treasury shares is a common practice, often used to fulfill obligations under employee stock option plans or employee stock purchase programs. For investors, it generally indicates the company is rewarding or retaining employees through equity. The impact on the total number of shares outstanding is usually minor unless a very large number of shares are re-issued.
This specific transaction involved re-issuing shares, meaning shares that were previously held by the company (in treasury) are now in the hands of employees. It does not create new shares. The total number of shares outstanding (excluding treasury shares) remains 840,963,494, as the re-issued shares were already accounted for in the total potential share count.
Treasury shares are shares that a company has bought back from the open market or that were not issued during an initial public offering. These shares are held by the company itself and are not considered outstanding for voting or dividend purposes. They can be re-issued later, as seen in this filing.
CRH is a foreign private issuer (based in Ireland), and Form 6-K is used to furnish or report information that the company makes or is required to make public pursuant to the laws of its home country, or is required to disclose or make public to its security holders. This includes reporting material events and transactions like the one described.