Summary
CRH Public Limited Company (CRH) has filed a Form 6-K to report on transactions involving its own shares. Specifically, on October 10, 2018, the company re-issued treasury shares to participants in its employee share schemes. This action involved the transfer of 10,742 Ordinary Shares at varying prices denominated in both Euros and Pounds Sterling.
Key Highlights
- 1CRH plc re-issued 10,742 Ordinary Shares from treasury on October 10, 2018.
- 2These shares were transferred to participants in CRH's employee share schemes.
- 3The re-issuance involved shares priced between €16.19 and €21.12, and between £15.54 and £16.16.
- 4Following these transactions, CRH plc now holds 19,782,164 Ordinary Shares in treasury.
- 5The total number of Ordinary Shares currently in issue, excluding treasury shares, is 823,608,174.
Frequently Asked Questions
The main purpose of this Form 6-K filing is to report CRH plc's transaction involving the re-issuance of its own treasury shares to employees participating in its share schemes.
CRH re-issued treasury shares as part of its employee share schemes, likely to reward employees, align their interests with shareholders, or fulfill obligations under these plans.
The re-issuance of 10,742 shares reduces the number of treasury shares by that amount. The total number of shares in issue (excluding treasury shares) remains the same for the company, but the number of shares held by the company in treasury decreases. The filing clarifies the updated treasury share balance and the number of shares in issue.
No, these are not newly issued shares. CRH is re-issuing shares that it previously repurchased and held in treasury. These shares are being transferred to employees under existing share schemes.