8-K

CRH PUBLIC LTD CO 8-K Report (Nov 15, 2019)

Filed November 15, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on November 15, 2019, to report a transaction involving its own shares. On November 13, 2019, CRH transferred 14,921 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €16.19 per share and between £14.94 and £20.83 per share, reflecting the relevant market prices at the time of the transaction. This transaction resulted in a slight reduction in CRH's treasury share balance. Following the transfer, CRH holds 52,134,348 shares in treasury, and the total number of ordinary shares in issue, excluding treasury shares, stands at 791,255,990. This filing is primarily an administrative update concerning the company's share capital structure and its employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 14,921 treasury shares on November 13, 2019.
  • 2The shares were transferred to participants in the company's employee share schemes.
  • 3The transfer prices varied, with some shares issued at €16.19 and others between £14.94 and £20.83.
  • 4Following the transaction, CRH's treasury share balance decreased to 52,134,348 shares.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 791,255,990.

Frequently Asked Questions

The purpose of this transaction was to re-issue treasury shares to participants in CRH's employee share schemes. This is a common practice for companies to fulfill obligations under employee compensation and incentive programs.

This transaction reduced the number of shares held in treasury but did not change the total number of ordinary shares in issue. The total number of ordinary shares outstanding (excluding treasury shares) remains 791,255,990.

These are not new shares. CRH re-issued shares that were previously held in treasury, meaning they were already part of the company's authorized share capital and had been bought back previously.

Shares held in treasury are issued shares that a company has bought back from the open market or that were not issued in an initial public offering. These shares are not considered outstanding and do not carry voting rights or receive dividends. Companies hold them for various purposes, such as employee share schemes or future acquisitions.