8-K

CRH PUBLIC LTD CO 8-K Report (Dec 27, 2018)

Filed December 27, 2018For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on December 26, 2018, reporting on a transaction involving its own shares. The company re-issued treasury shares to participants in its employee share schemes on December 21, 2018. This action involved the transfer of 5,212 ordinary shares at various prices in both Euros and Pounds Sterling. This filing provides transparency regarding CRH's share capital management and its engagement with employee incentive programs. The key takeaway for investors is the impact on the number of shares outstanding and treasury stock. Following these transactions, CRH's treasury shares now stand at 27,551,386, with 815,838,952 ordinary shares remaining in issue excluding treasury shares. This information is relevant for understanding potential dilution and the company's overall share structure.

Key Highlights

  • 1CRH plc re-issued treasury shares on December 21, 2018.
  • 2The shares were transferred to participants in employee share schemes.
  • 3A total of 5,212 Ordinary Shares were involved in the transaction.
  • 4The transfer prices varied, occurring in both Euro (€14.15 and €21.12) and Pound Sterling (£16.16 and £20.83).
  • 5Following the re-issue, CRH holds 27,551,386 Ordinary Shares in Treasury.
  • 6The number of Ordinary Shares in issue, excluding Treasury Shares, is 815,838,952.

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 under equity-based compensation plans.

This transaction reduced the number of shares held in treasury and, consequently, slightly increased the number of shares effectively in issue, as these shares are no longer held by the company itself but by employees. The total number of ordinary shares in issue, excluding treasury shares, is now 815,838,952.

Treasury Shares are shares that a company has repurchased from the open market but has not yet retired or cancelled. They are relevant because they do not carry voting rights and do not receive dividends. Their number affects the calculation of earnings per share (EPS) and can be re-issued for various corporate purposes, such as employee stock options or acquisitions.

The shares were re-issued at a range of prices. In Euros, the prices were €14.15 and €21.12 per Ordinary Share. In Pound Sterling, the prices were £16.16 and £20.83 per Ordinary Share.