8-K

CRH PUBLIC LTD CO 8-K Report (Mar 28, 2019)

Filed March 28, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On March 27, 2019, the company re-issued 47,569 ordinary shares from its treasury stock to participants in its employee share schemes. These shares were transferred at prices ranging from €16.19 to €21.12 and £15.54 to £20.83, reflecting the prevailing market values for its ordinary shares on that date. This transaction has resulted in a slight decrease in CRH's treasury share holdings. Post-transaction, CRH holds 33,971,939 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) standing at 809,418,399. Investors should note that this is a standard practice for companies to manage employee compensation through share schemes and typically does not represent a significant change in the company's overall financial health or strategic direction. However, it does reflect the company's ongoing commitment to its employees through equity participation.

Key Highlights

  • 1CRH plc re-issued 47,569 ordinary shares from treasury on March 27, 2019.
  • 2These shares were transferred to participants in employee share schemes.
  • 3Share prices ranged from €16.19 to €21.12 and £15.54 to £20.83 per ordinary share.
  • 4Following the transaction, CRH holds 33,971,939 ordinary shares in treasury.
  • 5The number of ordinary shares in issue (excluding treasury shares) is 809,418,399.

Frequently Asked Questions

This filing (specifically a Form 6-K, which is an 'other report of foreign issuer') reports on CRH's transaction involving its own shares. The primary event is the re-issuance of treasury shares to employees under share schemes.

CRH re-issued treasury shares to fulfill obligations under its employee share schemes. This is a common practice for companies to incentivize and reward employees by giving them ownership stakes.

No, this transaction is routine. The re-issuance of treasury shares for employee compensation typically does not signal financial distress. It reflects the ongoing management of employee incentive programs.

The total number of ordinary shares in issue (excluding treasury shares) remains 809,418,399. The re-issuance from treasury means these shares are now actively outstanding and no longer held by the company itself, but it doesn't change the total *issued* shares count in the long run if they were previously accounted for as part of the authorized capital.