Summary
CRH Public Limited Company (CRH) filed a Form 6-K on November 8, 2018, reporting a transaction involving its own shares. On November 7, 2018, the company re-issued 35,522 ordinary shares from its treasury to participants in employee share schemes. These shares were transferred at varying prices denominated in both Euros (€14.15 to €21.12) and Pounds Sterling (£15.54 to £16.16). This transaction has resulted in CRH plc holding 23,592,676 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding these treasury shares, is now 819,797,662. This filing is primarily informational, detailing the company's share management and its engagement with employee incentive programs.
Key Highlights
- 1CRH plc re-issued 35,522 ordinary shares from treasury on November 7, 2018.
- 2The re-issued shares were allocated to participants in employee share schemes.
- 3Transaction prices for the ordinary shares varied, ranging from €14.15 to €21.12 and £15.54 to £16.16.
- 4Following the transaction, CRH plc's treasury share balance is 23,592,676 ordinary shares.
- 5The number of outstanding ordinary shares (excluding treasury shares) is now 819,797,662.
- 6This filing is a Form 6-K, reporting a transaction in the company's own shares.
Frequently Asked Questions
The primary purpose of this filing is to report a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to participants in its employee share schemes. This provides transparency to investors regarding share capital changes.
The re-issuance of 35,522 treasury shares reduces the number of shares held in treasury and increases the number of shares outstanding (excluding treasury shares) to 819,797,662. The total number of shares held in treasury is now 23,592,676.
Companies typically use treasury shares for employee share schemes as a way to incentivize and reward employees, align their interests with shareholders, and attract and retain talent. The specific details of the scheme are not provided in this filing.
The prices reflect market conditions and the specific terms of the employee share schemes at the time of issuance. The range of prices, both in Euros and Pounds Sterling, indicates that the shares were likely issued under different plans or at different times within the specified date.