Summary
CRH plc filed a Form 6-K, reporting a transaction involving its own shares on January 9, 2019. The company re-issued treasury shares to participants in its employee share schemes. This action involved the transfer of 2,970 ordinary shares at varying prices within a range of €16.19 to €21.12, and £16.16 for the UK-denominated transactions. Following this re-issuance, CRH plc's treasury share balance has been adjusted. The company now holds 28,285,851 ordinary shares in treasury. The total number of ordinary shares currently in issue, excluding these treasury shares, stands at 815,104,487. This filing provides transparency on share capital movements and is relevant for understanding the company's share structure and potential dilution.
Key Highlights
- 1CRH plc re-issued treasury shares to employees under share schemes on January 9, 2019.
- 2A total of 2,970 ordinary shares were transferred.
- 3Share prices ranged from €16.19 to €21.12 per share, with one transaction at £16.16.
- 4Following the transaction, CRH plc holds 28,285,851 ordinary shares in treasury.
- 5The number of ordinary shares in issue (excluding treasury shares) is 815,104,487.
Frequently Asked Questions
The main purpose of this filing is to inform the U.S. Securities and Exchange Commission (SEC) about CRH plc's transaction involving its own shares, specifically the re-issuance of treasury shares to employees participating in share schemes.
Treasury shares are shares that a company has repurchased from the open market. Companies often re-issue treasury shares to fulfill obligations under employee stock options, share purchase plans, or other incentive programs, as is the case with CRH here. This avoids diluting existing shareholders by issuing new shares.
This specific transaction slightly reduces the number of treasury shares and therefore proportionally increases the number of shares outstanding (excluding treasury shares). The filing states that after the re-issuance, CRH holds 28,285,851 treasury shares and 815,104,487 shares are in issue. The total number of shares issued and outstanding would be the sum of these two figures.
The different currencies indicate that CRH's shares are traded or held in both the Eurozone and the United Kingdom. The transactions at €16.19-€21.12 likely relate to employee share schemes in Euro-denominated operations, while the £16.16 transaction pertains to UK-based employees or operations.