8-K

CRH PUBLIC LTD CO 8-K Report (Apr 4, 2019)

Filed April 4, 2019For Securities:CRH

Summary

CRH plc filed a Form 6-K on April 4, 2019, to report a transaction involving its own shares. On April 3, 2019, the company re-issued 101,113 ordinary shares from its treasury stock. These shares were transferred to participants in CRH's employee share schemes at prices ranging from €16.19 to €17.30, and £16.16 per share. This transaction is primarily relevant to investors for understanding share capital movements and potential dilution. The re-issuance of treasury shares reduces the number of shares held in treasury, while the number of outstanding shares increases by the amount re-issued. Following this transaction, CRH plc holds 34,790,408 ordinary shares in treasury, and the total number of ordinary shares in issue, excluding treasury shares, stands at 808,599,930.

Key Highlights

  • 1CRH plc re-issued 101,113 Ordinary Shares from treasury on April 3, 2019.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices ranged from €16.19 to €17.30 and £16.16 per Ordinary Share.
  • 4Following the re-issuance, CRH plc holds 34,790,408 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding Treasury Shares, is now 808,599,930.

Frequently Asked Questions

This Form 6-K filing by CRH plc is to report a transaction where the company re-issued shares from its treasury stock to employees participating in its share schemes.

The re-issuance of 101,113 treasury shares reduces the number of shares held in treasury and increases the number of outstanding shares by the same amount. Specifically, CRH's treasury stock decreased, and its issued and outstanding shares (excluding treasury) increased to 808,599,930.

While the number of outstanding shares increases, it's important to note these are shares from treasury stock, meaning no new shares were created out of thin air. This is a common practice for employee stock options and schemes. Investors should consider this as a planned part of executive and employee compensation, which has a relatively minor dilutive impact given the total number of shares outstanding.

Treasury shares are shares that a company has bought back from the open market or that were previously issued but have since been reacquired. These shares are held by the company and are not considered outstanding or voting shares. Companies often use treasury shares to fulfill obligations under employee stock option plans, for mergers and acquisitions, or for future share buybacks.