8-K

CRH PUBLIC LTD CO 8-K Report (May 23, 2019)

Filed May 23, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on May 23, 2019, reporting on a transaction involving its own shares. Specifically, on May 22, 2019, CRH transferred 4,896 Ordinary Shares from treasury to participants in its employee share schemes. These shares were transferred at a price of €16.19 per share for some and between £16.16 and £24.51 per share for others, reflecting different currencies or share classes. This action resulted in a decrease in CRH's treasury shares and an increase in its outstanding shares in issue, excluding treasury stock. This filing is primarily informational for investors, detailing the re-issuance of shares held in treasury. While the number of shares involved is relatively small compared to the total outstanding shares, it indicates ongoing engagement with employee incentive programs. Investors should note the specific prices at which these shares were transferred, which could provide some context for the company's valuation or the attractiveness of its share-based compensation.

Key Highlights

  • 1CRH plc re-issued 4,896 Ordinary Shares from its treasury stock on May 22, 2019.
  • 2These shares were transferred to participants of CRH's employee share schemes.
  • 3Share transfer prices varied, including €16.19 per share and a range of £16.16 to £24.51 per share.
  • 4Following the transaction, CRH holds 37,723,028 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is now 805,667,310.

Frequently Asked Questions

The shares were re-issued from treasury to participants in CRH's employee share schemes. This is a common practice for companies to fulfill obligations under employee incentive plans.

This transaction reduces the number of shares held in treasury and increases the number of shares in issue (outstanding shares). The total number of shares in issue, excluding treasury shares, is now 805,667,310.

The different currencies (EUR and GBP) suggest that the employee share schemes may operate in different geographical regions or involve different share classes that are valued or denominated in local currencies. The price range in GBP likely reflects varying award or exercise prices specific to those participants.

The 4,896 shares re-issued are a very small fraction of CRH's total outstanding shares (805,667,310 excluding treasury shares). Therefore, this transaction is not expected to have a material impact on CRH's overall financial performance or stock price.