8-K

CRH PUBLIC LTD CO 8-K Report (Dec 13, 2018)

Filed December 13, 2018For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) details a transaction involving the re-issuance of treasury shares. On December 12, 2018, CRH transferred 6,048 of its own ordinary shares to participants in its employee share schemes. The shares were transferred at varying prices denominated in both Euros and Pounds Sterling, reflecting the market prices at the time of the transaction. This action has a minor impact on the company's outstanding share count, as these shares were previously held in treasury. Following the transfer, CRH now holds 26,318,094 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) standing at 817,072,244. Investors should note that this type of transaction is common for companies with employee stock option or share purchase plans and is generally not indicative of a change in the company's fundamental financial health, but rather a mechanism for employee compensation and incentive.

Key Highlights

  • 1CRH plc re-issued 6,048 ordinary shares from its treasury stock.
  • 2The transaction occurred on December 12, 2018.
  • 3Shares were transferred to participants in CRH's employee share schemes.
  • 4The re-issuance prices ranged from €14.15 to €17.30 and £12.22 to £16.16 per ordinary share.
  • 5Following the transaction, CRH holds 26,318,094 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue, excluding treasury shares, is 817,072,244.

Frequently Asked Questions

The transaction involved the re-issuance of treasury shares to participants in CRH's employee share schemes. This is a common practice for companies to fulfill obligations related to employee compensation, stock options, or other incentive programs.

This transaction reduces the number of shares held in treasury. The total number of shares in issue (excluding treasury shares) remains 817,072,244. The number of shares held in treasury is now 26,318,094. This is a movement of shares within the company's existing structure and does not represent a new issuance of shares to the public market.

The prices reflect the market value of CRH's ordinary shares at the time of the transaction, denominated in both Euros and Pounds Sterling. They indicate the value at which these shares were transferred to employees under the company's share schemes.

Generally, no. The re-issuance of treasury shares for employee stock plans is a routine corporate action and is not typically a cause for concern. It aligns employee interests with those of shareholders by providing incentives.