8-K

CRH PUBLIC LTD CO 8-K Report (Sep 13, 2018)

Filed September 13, 2018For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 13, 2018, reporting a transaction involving its own shares. The company announced the re-issuance of treasury shares to participants in its employee share schemes. Specifically, 3,887 ordinary shares were transferred on September 12, 2018, at various price points denominated in both Euros (€14.15 - €21.12) and Pounds Sterling (£16.16). This transaction resulted in a decrease in CRH's treasury share balance. Following the re-issuance, CRH holds 13,998,556 ordinary shares in treasury. The total number of ordinary shares currently in issue, excluding these treasury shares, stands at 829,391,782. This filing provides transparency regarding share movements related to employee compensation and the company's share capital structure.

Key Highlights

  • 1CRH plc re-issued 3,887 ordinary shares from its treasury.
  • 2The shares were transferred to participants in employee share schemes on September 12, 2018.
  • 3Transaction prices varied, with European prices ranging from €14.15 to €21.12 per share.
  • 4One transaction price in Sterling was reported as £16.16 per share.
  • 5Following the re-issuance, CRH's treasury share balance decreased to 13,998,556 shares.
  • 6The total number of outstanding ordinary shares (excluding treasury shares) is now 829,391,782.

Frequently Asked Questions

The primary purpose of this Form 6-K filing is to report a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to employees under their share schemes.

Treasury shares are shares that a company has repurchased from the open market or that were never issued. Companies hold treasury shares for various reasons, such as to fulfill obligations under employee stock options or share purchase plans, to influence earnings per share, or for future acquisitions.

This transaction reduces the number of shares held in treasury, but the total number of shares in issue (excluding treasury shares) remains the same. The re-issuance essentially moves shares from the company's treasury to employee participants. It does not immediately increase the total number of shares outstanding in the market that are available for public trading.

The different price ranges in Euros and Pounds Sterling likely reflect the currency in which the employee share schemes operate or the specific terms for participants in different regions. It indicates that the shares were issued at market-reflective prices relevant to the respective currencies and plans.