Summary
This 8-K filing from CRH Public Limited Company (CRH) dated September 20, 2018, reports on a transaction involving the company's own shares. Specifically, CRH re-issued treasury shares to participants in its employee share schemes. This action is part of the company's ongoing management of its share capital and employee incentive programs. Investors should note that the re-issuance of treasury shares does not represent a new issuance of equity, but rather the transfer of shares already held by the company. The filing provides specific details on the number of shares transferred and the prices at which they were re-issued, as well as CRH's updated total treasury shareholding and outstanding shares.
Key Highlights
- 1CRH announced the re-issuance of 2,797 Ordinary Shares from its treasury to participants in employee share schemes.
- 2The re-issuance occurred on September 19, 2018.
- 3The shares were transferred at various prices: €14.15, €21.12, and £15.54 per Ordinary Share.
- 4Following this transaction, CRH's treasury shareholding stands at 15,178,898 Ordinary Shares.
- 5The total number of Ordinary Shares in issue, excluding treasury shares, is now 828,211,440.
Frequently Asked Questions
The primary purpose of this 8-K filing is to report CRH's re-issuance of treasury shares to employees participating in its share schemes. This is a disclosure requirement for material events.
This transaction involves shares that CRH already held in treasury. Therefore, it does not change the total number of outstanding shares. It merely reallocates shares from treasury to employees, impacting the number of treasury shares and the number of shares held by the public (outstanding).
Treasury shares are shares that a company has repurchased from the open market or received through other means. These shares are held by the company and are not considered outstanding. Companies typically use treasury shares for employee stock options, stock purchase plans, acquisitions, or to return capital to shareholders.
The different prices likely reflect the exercise prices of options or the terms of various employee share plans that were settled on that date. These prices are typically determined by the terms of the specific employee share schemes in place.