Summary
CRH Public Limited Company (CRH) filed a Form 6-K on May 2, 2019, to report a transaction involving its own shares. Specifically, on May 1, 2019, CRH transferred 890 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at prices of £16.16 and £24.51 per share. This transaction resulted in a slight reduction in the number of treasury shares held by CRH. Following the transfer, the company now holds 35,086,560 ordinary shares in treasury, and the total number of ordinary shares in issue, excluding treasury shares, stands at 808,303,778. This filing provides transparency on CRH's share capital management and its engagement with employee share incentive programs.
Key Highlights
- 1CRH plc re-issued 890 ordinary shares from treasury on May 1, 2019.
- 2The shares were transferred to participants in an employee share scheme.
- 3The transfer prices varied, with some shares at £16.16 and others at £24.51.
- 4Following the transaction, CRH holds 35,086,560 ordinary shares in treasury.
- 5The total number of issued ordinary shares, excluding treasury shares, is 808,303,778.
Frequently Asked Questions
This filing is significant as it provides transparency regarding CRH's share capital management and its employee incentive programs. It details the re-issuance of treasury shares, which impacts the total number of outstanding shares and can be relevant for investors analyzing share dilution or the company's commitment to employee compensation through equity.
Treasury shares are a company's own shares that it has repurchased from the open market or had previously issued and reacquired. Companies hold treasury shares for various reasons, such as funding employee stock options, future acquisitions, or to manage earnings per share. This filing shows CRH utilizing some of its treasury shares for its employee share scheme.
The re-issuance of 890 shares is a very small number relative to the total issued shares (over 808 million). Therefore, it is highly unlikely to have a material impact on CRH's stock price. Such transactions are typically routine for companies managing employee share schemes.