8-K

CRH PUBLIC LTD CO 8-K Report (Dec 20, 2019)

Filed December 20, 2019For Securities:CRH

Summary

CRH plc filed a Form 6-K on December 20, 2019, to report on a transaction involving its own shares. Specifically, the company announced the re-issuance of treasury shares to participants in its employee share schemes. This transaction involved 2,890 ordinary shares being transferred on December 19, 2019, at varying prices in both Euros and Pounds Sterling. This event is significant for investors as it provides transparency into the company's share capital management and its commitment to employee incentive programs. The re-issuance of treasury shares typically does not dilute existing shareholders' equity. The filing also updates the total number of shares held in treasury and the total number of ordinary shares outstanding (excluding treasury shares), which are key metrics for understanding the company's capital structure.

Key Highlights

  • 1CRH plc re-issued 2,890 treasury shares on December 19, 2019.
  • 2These shares were transferred to participants in employee share schemes.
  • 3The transaction involved shares transferred at prices ranging from €17.67 to €27.86 and £20.11 to £20.83.
  • 4Following this re-issuance, CRH plc now holds 10,016,189 shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 789,624,149.
  • 6This filing is made on Form 6-K, reporting on a transaction in own shares.

Frequently Asked Questions

The re-issuance of treasury shares to employees typically means these shares are being used for compensation or incentive programs. This transaction does not usually result in the creation of new shares, so it generally does not dilute the ownership stake of existing shareholders.

CRH plc re-issued treasury shares as part of its employee share schemes. This is a common practice for companies to reward employees, align their interests with shareholders, and provide long-term incentives.

The total number of ordinary shares in issue (excluding treasury shares) remains 789,624,149. The re-issuance of treasury shares reduces the number of shares held in treasury by 2,890, bringing the treasury share balance to 10,016,189. This means the number of shares outstanding for operational and voting purposes is unaffected by the re-issuance.

A Form 6-K is a report of foreign private issuers that are required to file or are permitted to file reports with the U.S. Securities and Exchange Commission (SEC). It is typically used to furnish information which the issuer makes or is required to make public pursuant to the laws of its home country or its articles of incorporation or bylaws.