8-K

CRH PUBLIC LTD CO 8-K Report (May 17, 2019)

Filed May 17, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on May 17, 2019, reporting a transaction in its own shares. Specifically, on May 15, 2019, the company transferred 3,490 Ordinary Shares to participants in its employee share schemes. These shares were transferred at varying prices, with a euro price of €16.19 and sterling prices ranging from £16.16 to £24.51 per share. This filing provides an update on CRH's treasury share position. Following these transfers, the company now holds 36,893,769 Ordinary Shares in treasury. The total number of ordinary shares currently in issue, excluding these treasury shares, stands at 806,496,569. This information is relevant for investors to understand the company's capital structure and share-based compensation practices.

Key Highlights

  • 1CRH plc re-issued treasury shares to employees on May 15, 2019.
  • 2A total of 3,490 Ordinary Shares were transferred under employee share schemes.
  • 3Share transfer prices varied, with a euro price of €16.19 and sterling prices between £16.16 and £24.51.
  • 4Following the transaction, CRH holds 36,893,769 Ordinary Shares in Treasury.
  • 5The number of Ordinary Shares in issue (excluding treasury shares) is 806,496,569.
  • 6The filing is a Form 6-K, indicating it is a report of a foreign private issuer.

Frequently Asked Questions

The transaction involved the re-issue of treasury shares to participants in CRH's employee share schemes. This is a common practice for companies to fulfill obligations related to employee compensation and incentives.

This transaction reduces the number of treasury shares and the total number of shares in issue (excluding treasury shares) remains 806,496,569. The treasury shares are not considered outstanding for voting or dividend purposes.

CRH plc is an Irish-domiciled company (reporting in Euros) but has significant operations and potentially employees in the UK (where Sterling is the currency). Employee share schemes often accommodate participants in different geographic locations, leading to pricing in local currencies.

Treasury shares are shares that a company has repurchased from the open market or that were not issued during an initial offering. They are held by the company itself and are not considered outstanding shares. Companies often hold treasury shares for potential re-issuance under employee stock options or compensation plans, or for future acquisitions.