8-K

CRH PUBLIC LTD CO 8-K Report (Mar 12, 2020)

Filed March 12, 2020For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 11, 2020, to report a transaction involving its own shares. Specifically, the company re-issued treasury shares to participants in an employee share scheme. This action is a standard corporate practice and reflects the company's ongoing commitment to its employee incentive programs. This filing details the number of ordinary shares transferred and the prices at which these transfers occurred, denominated in both Euros and Pounds Sterling. Following this re-issuance, CRH's treasury share balance has been updated, and the total number of ordinary shares outstanding (excluding treasury shares) remains significantly higher. Investors should view this as a routine operational event rather than a material strategic shift.

Key Highlights

  • 1CRH plc re-issued 3,080 ordinary shares from its treasury to employees participating in an employee share scheme.
  • 2The re-issuance occurred on March 11, 2020.
  • 3Share prices for the re-issuance varied, ranging from €16.19 to €20.825 and £16.16 to £24.51.
  • 4Following the transaction, CRH holds 15,948,676 shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, stands at 783,691,662.

Frequently Asked Questions

This filing is primarily informational and relates to standard employee share scheme activity. It details the re-issuance of treasury shares to employees. For most investors, this is a routine transaction and does not represent a material change in the company's financial position or strategic direction.

CRH is re-issuing treasury shares as part of its ongoing employee share scheme. This is a common practice for companies to reward employees, align their interests with shareholders, and retain talent.

The re-issuance of treasury shares increases the number of shares outstanding by the exact number of shares transferred (3,080). However, it reduces the number of shares held in treasury. The filing clarifies that after the transaction, CRH holds 15,948,676 shares in treasury and has 783,691,662 ordinary shares in issue (excluding treasury shares).

The different currency prices reflect the fact that CRH's shares may be listed or traded on exchanges denominated in both Euros and Pounds Sterling, and the specific plan terms may dictate pricing based on these currencies. It is a standard practice for companies with international operations and listings.