8-K

CRH PUBLIC LTD CO 8-K Report (Nov 16, 2018)

Filed November 16, 2018For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on November 16, 2018, to report a transaction involving its own shares. The company announced that on November 15, 2018, it transferred 103,650 Ordinary Shares to the Trustees of its employee share participation schemes. These shares were transferred at a price of €25.725 per Ordinary Share. This transaction resulted in a change to CRH's treasury stock holdings and issued share count. Following the transfer, CRH now holds 23,487,166 Ordinary Shares in Treasury. The total number of Ordinary Shares currently in issue, excluding those held in treasury, stands at 819,903,172. This information is primarily relevant for understanding the company's capital structure and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued treasury shares on November 15, 2018.
  • 2A total of 103,650 Ordinary Shares were transferred to employee share participation scheme trustees.
  • 3The transfer price for these shares was €25.725 per Ordinary Share.
  • 4Following the transaction, CRH's treasury share balance is 23,487,166 Ordinary Shares.
  • 5The number of Ordinary Shares in issue (excluding treasury shares) is now 819,903,172.

Frequently Asked Questions

CRH transferred these shares as part of its ongoing employee share participation schemes. This is a common practice for companies to reward and incentivize employees by allowing them to participate in the company's equity.

This specific transaction does not change the total number of shares outstanding. It involves moving shares from treasury stock (which are authorized but not outstanding) to the employee share schemes, which will be considered outstanding once fully allocated to employees. The filing clarifies the distinction between shares held in treasury and those in issue.

The decrease in treasury shares indicates that the company has utilized some of its previously repurchased shares for employee compensation. The updated treasury balance is important for calculating metrics like earnings per share (EPS) and for understanding the company's share repurchase programs and capital management strategy.

While CRH holds shares in treasury, which are often a result of buyback programs, this specific filing reports the *re-issuance* of treasury shares, not a new buyback. The company is using existing treasury shares to fulfill its obligations under employee share schemes.