8-K

CRH PUBLIC LTD CO 8-K Report (Jul 5, 2019)

Filed July 5, 2019For Securities:CRH

Summary

CRH plc filed a Form 6-K on July 4, 2019, reporting a transaction involving its own shares. On July 3, 2019, the company transferred 14,276 ordinary shares to participants in an employee share scheme at a price of £16.16 per share. This transaction resulted in a reduction of CRH's treasury shares and an adjustment to the total number of ordinary shares outstanding for reporting purposes. This re-issue of treasury shares is a routine event for companies with employee share plans. For investors, this filing primarily signals ongoing employee participation in share ownership and provides updated figures on the company's share capital structure. The share price at which these shares were transferred can offer a minor insight into the perceived value of CRH's stock by its own management and employees at that time.

Key Highlights

  • 1CRH plc re-issued treasury shares on July 3, 2019.
  • 214,276 ordinary shares were transferred to participants in an employee share scheme.
  • 3The transfer price was £16.16 per ordinary share.
  • 4Following the transaction, CRH holds 42,690,221 ordinary shares in treasury.
  • 5The number of outstanding ordinary shares (excluding treasury shares) is now 800,700,117.
  • 6The filing is a Form 6-K, reporting a foreign private issuer's submission of information.
  • 7This event is related to CRH's ongoing employee share participation and capital management.

Frequently Asked Questions

A Form 6-K is an "Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934." It is used by foreign companies (like CRH plc) that are registered with the SEC to submit certain information that they have made or are required to make public in their home country.

CRH re-issued treasury shares as part of its employee share scheme. This is a common practice where companies use shares they previously repurchased (held in treasury) to grant or sell to employees, often as part of compensation or incentive programs.

No, this is generally a routine transaction. The re-issue of treasury shares does not involve the creation of new shares or a significant cash inflow/outflow for the company beyond the nominal price received. It primarily adjusts the share capital structure by reducing treasury shares and increasing the number of shares held by employees.

The price of £16.16 per share reflects the value at which CRH transferred its shares to employees on July 3, 2019. This price can be seen as an internal valuation point for the company's stock at that specific time, often tied to market prices or a predetermined formula within the share scheme.