8-K

CRH PUBLIC LTD CO 8-K Report (Apr 2, 2020)

Filed April 2, 2020For Securities:CRH

Summary

CRH plc filed a Form 6-K on April 2, 2020, reporting a transaction involving its own shares. Specifically, the company announced that on April 1, 2020, it transferred 2,077 ordinary shares to participants in an employee share scheme. These shares were transferred at prices of £15.54 and £20.11 per share. This disclosure is important for investors as it provides transparency regarding the company's share capital and its use in employee incentive programs. The transaction resulted in a slight decrease in the number of treasury shares held by CRH plc, impacting the total number of shares outstanding. Investors should note the specific prices at which these shares were re-issued, as this can have minor implications for earnings per share calculations and share-based compensation expenses.

Key Highlights

  • 1CRH plc re-issued 2,077 ordinary shares from treasury to participants in an employee share scheme on April 1, 2020.
  • 2The re-issue occurred at two distinct prices: £15.54 and £20.11 per share.
  • 3Following the transaction, CRH plc holds 14,827,782 shares in treasury.
  • 4The total number of ordinary shares in issue, excluding treasury shares, is now 784,812,556.

Frequently Asked Questions

The shares were transferred to participants in an employee share scheme. This is a common practice for companies to incentivize and reward employees through equity-based compensation.

This transaction involves re-issuing shares from treasury, meaning they were previously held by the company. The number of shares in issue (excluding treasury shares) remains 784,812,556, as these re-issued shares were already part of the total shares issued. The number of treasury shares held by the company decreased by 2,077.

Treasury shares are shares that a company has repurchased but not retired. They do not carry voting rights and do not receive dividends. The number of treasury shares impacts the calculation of outstanding shares, which is used in key financial metrics like earnings per share (EPS) and can signal management's view on the company's valuation or its need for capital.

No, this transaction is relatively small in the context of CRH's overall share capital. Re-issuing a few thousand shares for employee schemes is a routine corporate action and does not represent a significant change in the company's strategic direction or financial health.