8-K

CRH PUBLIC LTD CO 8-K Report (Jun 11, 2020)

Filed June 11, 2020For Securities:CRH

Summary

CRH plc, a global building materials company, has filed a Form 6-K detailing a transaction involving the re-issuance of treasury shares to participants in its employee share schemes. On June 10, 2020, the company transferred 72,805 ordinary shares at various price points, including €16.19, £15.54, and £24.51 per share. This action is part of CRH's ongoing commitment to its employee incentive programs. Following this re-issuance, CRH plc's treasury share balance stands at 14,750,759 shares. The total number of ordinary shares outstanding, excluding these treasury shares, is 784,889,579. Investors should note that this type of transaction is typical for companies managing share-based compensation and does not represent a significant change in the company's overall financial position or strategic direction. The filing provides transparency regarding the movement of CRH's own shares.

Key Highlights

  • 1CRH plc re-issued 72,805 ordinary shares from its treasury stock.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction dates: June 10, 2020.
  • 4Share prices varied, including €16.19, £15.54, and £24.51 per ordinary share.
  • 5Post-transaction, CRH holds 14,750,759 shares in treasury.
  • 6The number of outstanding ordinary shares (excluding treasury) is 784,889,579.

Frequently Asked Questions

This Form 6-K filing is to report a transaction involving the re-issuance of treasury shares by CRH plc to participants in its employee share schemes. It provides transparency on the number of shares transferred and the resulting treasury and outstanding share counts.

No, this filing concerns the re-issuance of shares that CRH already held in its treasury. These are not newly created shares, but rather shares that the company had previously repurchased or acquired.

The total number of ordinary shares outstanding (excluding treasury shares) remains 784,889,579. The re-issuance of treasury shares to employees reduces the treasury stock but does not change the total number of shares in issue. The number of shares held in treasury decreased to 14,750,759.

The different prices likely reflect the terms of various employee share schemes, potentially based on different grant dates, exercise prices for options, or vesting conditions denominated in different currencies. For investors, the key takeaway is the aggregate number of shares re-issued and the impact on treasury and outstanding shares, rather than the specific price variations themselves.