8-K

CRH PUBLIC LTD CO 8-K Report (Sep 12, 2019)

Filed September 12, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 12, 2019, to report on a transaction involving its own shares. Specifically, the company re-issued treasury shares to participants in its employee share schemes on September 11, 2019. This transaction involved 10,027 Ordinary Shares, with prices ranging between €16.19 and €23.39 per share, and £16.16 per share for those denominated in Sterling. This re-issuance of treasury shares is a routine event aimed at fulfilling obligations under employee share plans. For investors, the key takeaway is the impact on the company's share count. Following this transaction, CRH plc's treasury share balance decreased, and the number of outstanding shares available to the public has slightly increased. The filing also provides the updated total number of ordinary shares held in treasury and the net number of ordinary shares currently in issue.

Key Highlights

  • 1CRH plc re-issued 10,027 Ordinary Shares from treasury to employees.
  • 2The share re-issuance occurred on September 11, 2019.
  • 3Share prices for the re-issuance varied, ranging from €16.19 to €23.39 and £16.16.
  • 4This action fulfills obligations under CRH's employee share schemes.
  • 5Following the transaction, CRH holds 47,570,282 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares currently in issue (excluding treasury shares) stands at 795,820,056.

Frequently Asked Questions

The purpose of this transaction was to re-issue treasury shares to participants in CRH's employee share schemes, fulfilling the company's obligations under these plans.

This transaction reduces the number of shares held in treasury and increases the number of shares in issue. The net effect on outstanding shares for the market is a slight increase of 10,027 shares.

Treasury shares are shares that a company has repurchased from the open market or previously issued shares that have been reacquired. These shares are no longer considered outstanding and do not carry voting rights or pay dividends. Companies often hold them to reissue for employee stock options, acquisitions, or other corporate purposes.

The varying share prices reflect the terms of the employee share schemes, which may be based on factors such as the average share price over a certain period, the grant price, or different currency denominations (Euros and Pounds Sterling) for the participants.