8-K

CRH PUBLIC LTD CO 8-K Report (May 31, 2019)

Filed May 31, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on May 30, 2019, to report a transaction involving its own shares. Specifically, on May 29, 2019, CRH re-issued 2,748 ordinary shares from its treasury stock to participants of its employee share schemes. These shares were transferred at prices of €16.19 and £16.16 per share, reflecting the respective currencies for the transactions. This re-issuance of treasury shares is a routine corporate action related to executive compensation and employee incentives. Following this transaction, CRH's total holdings of treasury shares are 38,612,564, with 804,777,774 ordinary shares outstanding (excluding treasury shares). Investors should note that this filing does not indicate any material changes in the company's financial performance or strategic direction, but rather an update on share capital management.

Key Highlights

  • 1CRH plc re-issued 2,748 ordinary shares from treasury on May 29, 2019.
  • 2The shares were transferred to participants of CRH's employee share schemes.
  • 3Transaction prices were €16.19 per Ordinary Share and £16.16 per Ordinary Share.
  • 4This filing is a Form 6-K, reporting a transaction by a foreign private issuer.
  • 5Following the transaction, CRH holds 38,612,564 Ordinary Shares in Treasury.
  • 6The number of Ordinary Shares in issue, excluding Treasury Shares, is 804,777,774.

Frequently Asked Questions

This Form 6-K filing is to report a specific transaction where CRH plc re-issued treasury shares to participants in its employee share schemes. It's a routine update on the company's share capital.

CRH re-issued these shares as part of its employee share schemes, which is a common practice for incentivizing and rewarding employees.

This specific transaction involves re-issuing shares that were already held in treasury. Therefore, it does not change the total number of shares outstanding in the market but rather reallocates shares from treasury to employees.

Treasury Shares are shares that a company has repurchased from the open market but has not yet retired. CRH holds these shares and can re-issue them for purposes like employee stock options, acquisitions, or other corporate needs.