8-K

CRH PUBLIC LTD CO 8-K Report (May 9, 2019)

Filed May 9, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on May 9, 2019, reporting a transaction involving its own shares. Specifically, on May 8, 2019, CRH re-issued 372 Ordinary Shares from its treasury to a participant in an employee share scheme. These shares were transferred at a price of €16.19 per share. This transaction is significant for investors as it relates to the company's treasury stock and employee compensation plans. The filing clarifies CRH's share capital structure post-transaction, with the company holding 35,985,559 Ordinary Shares in Treasury and an issued share count (excluding treasury shares) of 807,404,779. This information is relevant for understanding share dilution, ownership structure, and the value attributed to employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 372 Ordinary Shares from treasury on May 8, 2019.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The transaction price was €16.19 per Ordinary Share.
  • 4Following the re-issue, CRH holds 35,985,559 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is 807,404,779.
  • 6The filing is a Form 6-K, reporting foreign private issuer information.
  • 7The event date of the transaction was May 8, 2019, and the filing date was May 9, 2019.

Frequently Asked Questions

The shares were re-issued to a participant in an employee share scheme, indicating it was part of CRH's employee compensation and incentive programs.

This specific transaction involved re-issuing shares held in treasury, meaning these shares were already part of the authorized share capital. While the number of shares held in treasury decreased, the total number of shares in issue (excluding treasury shares) remains the relevant figure for outstanding shares. The total issued shares (excluding treasury) are 807,404,779.

No, this is generally not considered a significant dilution event. Re-issuing shares from treasury for employee schemes typically uses shares already accounted for in the company's capital structure. The number of shares involved is relatively small compared to the total outstanding shares.

Treasury shares are shares that a company has repurchased from the open market or had issued but not yet allocated. They can be used for various purposes, including employee stock options, acquisitions, or returning capital to shareholders. Holding treasury shares allows companies flexibility in managing their capital structure.