Summary
CRH plc (CRH) has filed a Form 6-K detailing a transaction involving its own shares. On October 24, 2018, the company transferred 6,392 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at specific prices, including €21.12 per share and £15.54 and £16.16 per share for sterling-denominated transactions. This transaction has resulted in a slight reduction in CRH's treasury shareholding. Following the transfer, CRH now holds 23,628,198 Ordinary Shares in treasury. The total number of outstanding ordinary shares, excluding treasury shares, stands at 819,762,140. This filing is primarily informational, providing transparency on share movements related to employee incentive programs.
Key Highlights
- 1CRH plc re-issued treasury shares on October 24, 2018.
- 2A total of 6,392 Ordinary Shares were transferred.
- 3The shares were transferred to participants in CRH's employee share schemes.
- 4Share prices for the transfer varied, including €21.12 and £15.54/£16.16.
- 5CRH's treasury share balance decreased to 23,628,198 shares.
- 6The number of issued ordinary shares (excluding treasury) is 819,762,140.
Frequently Asked Questions
The primary purpose of this transaction was to re-issue treasury shares to participants in CRH's employee share schemes, likely as part of their compensation or incentive programs.
This transaction does not increase the total number of CRH shares outstanding. It involves the movement of shares from treasury (which are not considered outstanding for voting or dividend purposes) to employees. The number of issued shares excluding treasury shares remains the key figure for outstanding share counts.
The share prices were denominated in both Euros (€) and Pounds Sterling (£) because CRH plc is a company with operations and employee share schemes potentially extending across different geographical regions where these currencies are relevant.
Treasury shares are shares that a company has repurchased from the open market or otherwise acquired, but which have not been cancelled. They are not considered outstanding for voting purposes and do not receive dividends. Re-issuing them from treasury is a common way to manage equity for employee share plans or other corporate purposes without issuing new shares.