Summary
CRH Public Limited Company (CRH) filed a Form 6-K report on December 5, 2019, to disclose a transaction involving its own shares. Specifically, on December 4, 2019, the company re-issued 2,023 ordinary shares from its treasury stock to participants in its employee share schemes. These shares were transferred at various prices, with some at €16.19 and others ranging from £16.16 to £24.51 per share.
Key Highlights
- 1CRH plc re-issued 2,023 ordinary shares from treasury on December 4, 2019.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3Transaction prices varied, with some at €16.19 and others between £16.16 and £24.51 per share.
- 4Following this re-issuance, CRH plc holds 53,469,823 shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 789,920,515.
Frequently Asked Questions
CRH plc reported the re-issuance of treasury shares to participants in its employee share schemes.
Employee share schemes are often viewed positively as they align employee interests with shareholder interests, potentially boosting morale and retention, which can indirectly benefit company performance.
No, this was a re-issuance of shares already held in treasury, not the creation of new shares. The total number of shares in issue (excluding treasury shares) remains substantial at 789,920,515.
Treasury shares are typically shares that a company has repurchased from the open market. Companies hold them for various purposes, including re-issuance for employee stock options, mergers and acquisitions, or to return capital to shareholders. This filing shows CRH utilizing them for its employee incentive programs.