8-K

CRH PUBLIC LTD CO 8-K Report (Apr 25, 2019)

Filed April 25, 2019For Securities:CRH

Summary

CRH plc filed a Form 6-K on April 25, 2019, reporting a transaction involving its own shares. Specifically, on April 24, 2019, the company transferred 4,650 ordinary shares from its treasury to a participant in an employee share scheme. These shares were re-issued at a price of €16.19 per share. This transaction is primarily administrative, relating to the company's employee share incentive programs. While the number of shares re-issued is small relative to the total shares outstanding, investors should note the impact on treasury stock. Following this transaction, CRH plc's treasury share balance decreased, and the total number of ordinary shares in issue (excluding treasury shares) remains significant at over 808 million.

Key Highlights

  • 1CRH plc re-issued 4,650 ordinary shares from treasury on April 24, 2019.
  • 2The re-issue was to a participant in an employee share scheme.
  • 3The transaction price was €16.19 per ordinary share.
  • 4Following the transaction, CRH plc's treasury shares decreased to 34,733,850.
  • 5The total number of ordinary shares in issue (excluding treasury shares) stands at 808,656,488.

Frequently Asked Questions

The transaction involved the re-issuance of treasury shares to a participant in an employee share scheme, which is a standard practice for companies to manage their share-based compensation and incentive programs.

This specific transaction reduced the number of shares held in treasury and, consequently, slightly increased the number of shares in issue (excluding treasury shares). The overall impact on the total shares outstanding is minimal given the large number of shares outstanding.

The price of €16.19 per share represents the value at which these treasury shares were transferred to the employee. For investors, this price may be of interest in relation to the current market price of CRH shares around the filing date, providing insight into employee compensation terms.

Treasury shares are shares that a company has repurchased from the open market or that were re-issued by the company. They are not considered outstanding for voting or dividend purposes and are held by the company itself. Re-issuing them reduces the treasury stock balance.