8-K

CRH PUBLIC LTD CO 8-K Report (Jul 2, 2018)

Filed July 2, 2018For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on July 2, 2018, reporting a transaction involving its own shares. On June 29, 2018, the company re-issued 1,860 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at a price of €16.19 per share. This filing is primarily informational, providing an update on CRH's treasury stock and overall share structure. For investors, this indicates continued engagement with employee incentive programs and a minor adjustment to the total number of outstanding shares. The transaction itself is small relative to the total shares in issue and does not represent a significant strategic shift or financial event for the company.

Key Highlights

  • 1CRH plc re-issued 1,860 Ordinary Shares from treasury on June 29, 2018.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3The re-issue price per Ordinary Share was €16.19.
  • 4Following this transaction, CRH plc holds 6,763,600 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is 836,626,738.

Frequently Asked Questions

This filing (Form 6-K) is informational and primarily serves to update the market on CRH's treasury stock and the total number of shares outstanding. It indicates that the company is utilizing its treasury shares for its employee share schemes.

This is a re-issuance of shares from treasury, meaning CRH is transferring shares it previously repurchased and held. It is not a new share repurchase program (buyback) or an issuance of new shares.

The transaction slightly reduces the number of shares held in treasury and therefore slightly increases the number of shares in issue (excluding treasury shares). However, the change is very minor relative to the total number of shares outstanding.

Shares held 'in Treasury' are shares that CRH has repurchased from the open market but has not cancelled. These shares can be re-issued for various purposes, such as employee stock option plans, acquisitions, or other corporate needs.