8-K

CRH PUBLIC LTD CO 8-K Report (Dec 21, 2018)

Filed December 21, 2018For Securities:CRH

Summary

CRH plc, a global building materials company, has filed a Form 6-K report to disclose a transaction involving its own shares. On December 19, 2018, the company re-issued 4,464 ordinary shares from its treasury to participants in its employee share scheme. These shares were transferred at a price of €16.19 per share. This transaction is part of CRH's ongoing engagement with its employee incentive programs and reflects the company's use of treasury shares to reward its workforce. Following this re-issuance, CRH plc's total holdings in treasury shares are now 27,196,798. The total number of ordinary shares outstanding, excluding these treasury shares, stands at 816,193,540. Investors should note that this event, while informative regarding share count adjustments, does not represent a new issuance of equity to the public markets or a change in the company's overall capital structure beyond the internal reallocation of shares. It primarily impacts the company's treasury stock balance and the number of shares held by employees under the scheme.

Key Highlights

  • 1CRH plc re-issued 4,464 ordinary shares from treasury on December 19, 2018.
  • 2The shares were transferred to participants in the company's employee share scheme.
  • 3The re-issuance price was €16.19 per ordinary share.
  • 4Following the transaction, CRH plc holds 27,196,798 ordinary shares in treasury.
  • 5The total number of outstanding ordinary shares (excluding treasury shares) is 816,193,540.
  • 6This filing is made under Form 6-K, indicating a report of a foreign private issuer.
  • 7The transaction relates to the company's internal share management and employee compensation plans.

Frequently Asked Questions

The purpose of this transaction was to re-issue treasury shares to participants in CRH plc's employee share scheme, serving as a form of employee compensation or reward.

No, this transaction does not affect the total number of CRH shares outstanding in the market. It involves the transfer of shares from the company's treasury stock to employees, which is an internal reallocation rather than a new issuance of shares to the public.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired. Companies hold treasury shares for various purposes, including fulfilling employee stock options and share purchase plans, or for future acquisitions. They are not considered outstanding for voting or dividend purposes.

This transaction impacts the 'Treasury Stock' line item on the balance sheet, decreasing it by the value of the shares re-issued. It also affects the number of shares held by employees under the share scheme. The income statement is not directly impacted by this re-issuance of shares from treasury.