8-K

CRH PUBLIC LTD CO 8-K Report (Dec 18, 2019)

Filed December 18, 2019For Securities:CRH

Summary

CRH Public Limited Company (CRH) announced on December 18, 2019, a significant transaction involving its own shares. The company cancelled 43,750,000 Ordinary Shares that were previously held in treasury. These cancelled shares represented approximately 5.18% of CRH's issued share capital at the time.

Key Highlights

  • 1CRH cancelled 43,750,000 Ordinary Shares previously held in treasury.
  • 2The cancelled shares represented 5.18% of the company's issued share capital.
  • 3Cancellation of treasury shares can potentially increase earnings per share (EPS) and ownership percentages for remaining shareholders.
  • 4Following the cancellation, CRH's issued share capital consists of 799,640,338 Ordinary Shares (with 10,032,285 remaining in treasury).
  • 5The total number of voting rights in CRH plc as of December 18, 2019, is 789,608,053.
  • 6This figure is crucial for shareholders to determine notification requirements under transparency regulations.

Frequently Asked Questions

Cancelling treasury shares reduces the total number of outstanding shares. This can have several implications for investors, including a potential increase in earnings per share (EPS) and a higher percentage of ownership for remaining shareholders, assuming the company's overall earnings remain the same.

While the share cancellation itself does not directly change the value of your investment, it reduces the total number of CRH shares outstanding. This means your existing shares now represent a slightly larger proportion of the company's total equity and voting rights. It may also lead to an increase in EPS.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired. They do not carry voting rights. CRH cancelled these shares, effectively removing them from circulation permanently. Companies typically do this for various strategic reasons, such as optimizing capital structure or reducing share count.

After the cancellation of 43,750,000 treasury shares, the total number of voting rights for CRH plc shareholders as of December 18, 2019, is 789,608,053.