8-K

CRH PUBLIC LTD CO 8-K Report (Mar 15, 2019)

Filed March 15, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 15, 2019, to report a transaction involving its own shares. Specifically, on March 14, 2019, the company re-issued 84,882 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €16.19 to €17.30 per share. This transaction has a minor impact on the total number of shares outstanding, as these were previously held treasury shares. Following the re-issuance, CRH now holds 32,622,577 Ordinary Shares in treasury, with the total number of shares in issue (excluding treasury shares) standing at 810,767,761. This action is typical for companies managing employee incentive programs and does not represent a significant strategic shift or financial event for the company.

Key Highlights

  • 1CRH plc re-issued 84,882 Ordinary Shares from treasury on March 14, 2019.
  • 2The re-issued shares were transferred to participants in employee share schemes.
  • 3Share prices for the transaction ranged from €16.19 to €17.30 per Ordinary Share.
  • 4Following the transaction, CRH holds 32,622,577 Ordinary Shares in treasury.
  • 5The total number of Ordinary Shares in issue (excluding treasury shares) is 810,767,761.

Frequently Asked Questions

The primary purpose of this transaction was to fulfill obligations under CRH's employee share schemes. The company re-issued shares held in its treasury to employees who are participants in these plans.

No, this transaction does not increase the total number of CRH shares in circulation. The shares were re-issued from the company's treasury stock, meaning they were already issued shares that the company repurchased and held. The net effect on outstanding shares is zero.

Treasury shares are shares that a company has bought back from the open market but has not yet cancelled. These shares can be re-issued to employees, used for acquisitions, or for other corporate purposes. Holding treasury shares allows a company flexibility in managing its capital structure.

This specific transaction has a minimal direct impact on CRH's overall financial position. It's a routine share-based compensation mechanism. The company receives cash or equivalent value for the treasury shares re-issued, and its number of outstanding shares remains the same. It does not represent new capital raising or a significant expenditure.