Summary
CRH Public Limited Company (CRH) filed a Form 6-K on October 10, 2019, to report on transactions involving its own shares. Specifically, the company re-issued treasury shares to participants in its employee share schemes. This action involved the transfer of 4,417 ordinary shares on October 9, 2019, at varying prices in Euros and Pounds Sterling, reflecting market conditions and scheme specifics.
Key Highlights
- 1CRH plc re-issued 4,417 treasury shares on October 9, 2019.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3Transaction prices varied, ranging from €16.19 to €17.67 and £16.16 to £20.83 per Ordinary Share.
- 4Following these transactions, CRH plc holds 50,766,573 shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 792,623,765.
Frequently Asked Questions
The primary purpose of this filing is to report on CRH plc's re-issuance of treasury shares to employees participating in its share schemes. This is a routine disclosure of share transactions.
Companies often re-issue treasury shares to fulfill obligations under employee stock option plans, restricted stock units, or other employee benefit programs. This is a way to provide equity-based compensation to employees.
This transaction decreases the number of shares held in treasury and increases the number of shares outstanding and in circulation. The filing specifies that after the transaction, CRH holds 50,766,573 shares in treasury and has 792,623,765 ordinary shares in issue (excluding treasury shares).
These are existing shares that were previously held by the company as 'treasury shares'. The company is re-issuing them, not creating new shares.