8-K

CRH PUBLIC LTD CO 8-K Report (Nov 29, 2019)

Filed November 29, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on November 28, 2019, reporting a transaction involving its own shares. Specifically, on November 27, 2019, the company transferred 16,075 ordinary shares to participants in its employee share schemes. These shares were transferred at varying prices, denominated in both Euros and Pounds Sterling, reflecting different grant or exercise prices within the schemes. This transaction is significant for investors as it impacts the number of outstanding shares and the company's treasury stock. Following this transfer, CRH's treasury shares decreased, and the total number of ordinary shares in issue (excluding treasury shares) was reported as 790,403,492. Investors should note this activity as it pertains to share-based compensation and potential dilution.

Key Highlights

  • 1CRH plc announced a re-issue of treasury shares on November 28, 2019, relating to an event on November 27, 2019.
  • 2The company transferred 16,075 Ordinary Shares from treasury to participants in its employee share schemes.
  • 3Share transfers occurred at prices ranging from €16.19 to €23.39 per Ordinary Share and £14.94 to £16.16 per Ordinary Share.
  • 4Following the transfer, CRH plc's treasury shares now stand at 52,986,846.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 790,403,492.

Frequently Asked Questions

The transaction involved the re-issue of CRH's own shares (treasury shares) to employees participating in its share schemes. This is a common practice for companies to fulfill obligations related to employee compensation and incentives.

This specific transaction reduced the number of shares held in treasury by 16,075. The number of ordinary shares in issue, excluding treasury shares, is now 790,403,492. The total number of shares outstanding will be this figure plus the treasury shares.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired or cancelled. When these shares are re-issued, as in this case, they are typically used for employee stock options, acquisitions, or other corporate purposes. It's important for investors to track the number of outstanding shares and treasury shares as it can impact earnings per share calculations and potential dilution.

No, these shares are not being issued to new investors or the public market. They are being transferred from the company's existing holdings (treasury stock) to employees as part of their share-based compensation plans.