Summary
This filing from CRH Public Limited Company (CRH) on June 14, 2018, reports on a transaction involving its own shares. Specifically, the company re-issued treasury shares to participants in its employee share schemes. This action is part of CRH's ongoing management of its share capital and its commitment to employee incentives. Investors should note that the re-issuance of treasury shares typically has a neutral to slightly positive impact on earnings per share, as it does not dilute existing shareholders. The price range at which these shares were transferred is also provided, indicating the value attributed to these shares within the company's compensation structure.
Key Highlights
- 1CRH plc announced the re-issuance of treasury shares on June 13, 2018.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3A total of 59,196 Ordinary Shares were re-issued.
- 4The transfer prices were in both Euros (€16.19 and €16.58) and Pounds Sterling (£12.22 to £16.16).
- 5Following these transactions, CRH plc holds 4,172,769 Ordinary Shares in Treasury.
- 6The number of Ordinary Shares in issue, excluding treasury shares, is 839,217,569.
Frequently Asked Questions
Re-issuing treasury shares means that CRH is releasing shares it previously repurchased and held in its own treasury. These shares are then transferred to employees as part of their share-based compensation plans, rather than being issued as new shares which would dilute existing shareholders.
This transaction reduces the number of shares held in treasury and increases the number of shares outstanding (excluding treasury shares). The total number of issued shares remains the same, but the proportion held by the company in treasury decreases, and the number of shares held by the public (employees in this case) increases.
The mention of both Euro and Pound Sterling prices indicates CRH's international presence and likely reflects the currency of the employee share schemes or the location of the participants. It's a standard practice for multinational corporations like CRH.
This is a routine administrative event related to employee compensation. While it impacts the share count and treasury stock balance, it's generally not considered a significant driver of CRH's overall financial performance or strategic direction. The primary impact is on equity and share-based accounting.