8-K

CRH PUBLIC LTD CO 8-K Report (Jun 18, 2020)

Filed June 18, 2020For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 18, 2020, reporting a transaction involving its own shares. The company re-issued treasury shares to participants in its employee share schemes on June 17, 2020. A total of 17,531 Ordinary Shares were transferred, with prices ranging from €16.19 to €24.24 and £15.54 to £24.51 per share, reflecting the varying currency denominations involved in their operations or schemes. This transaction reduces CRH's treasury stock and increases the number of outstanding shares available to employees. Following this re-issue, CRH holds 14,733,228 shares in Treasury, and the total number of ordinary shares outstanding (excluding treasury shares) stands at 784,907,110. Investors should note that this is a routine share re-issuance related to employee compensation and does not represent a significant change in the company's overall financial position or strategy.

Key Highlights

  • 1CRH plc re-issued 17,531 Ordinary Shares from treasury to employees on June 17, 2020.
  • 2The share re-issuance was part of CRH's employee share schemes.
  • 3Share prices for the re-issue ranged from €16.19 to €24.24 and £15.54 to £24.51.
  • 4Following the transaction, CRH holds 14,733,228 shares in treasury.
  • 5The number of ordinary shares outstanding (excluding treasury shares) is now 784,907,110.

Frequently Asked Questions

This Form 6-K filing reports CRH's re-issuance of treasury shares to participants in its employee share schemes. It's a disclosure requirement for significant transactions involving the company's own stock.

The re-issuance of 17,531 shares to employees increases the number of outstanding ordinary shares by that amount, while reducing the number of shares held in treasury. The total outstanding shares (excluding treasury) are now 784,907,110.

The different price ranges in Euros and Pounds reflect the fact that CRH operates in multiple jurisdictions and its employee share schemes may be denominated in different currencies or be subject to exchange rate fluctuations at the time of the transaction. It is typical for a multinational company like CRH.

This is generally considered a neutral to positive event. It indicates the company is fulfilling its obligations under employee share schemes, which can be a form of compensation and incentive for employees. It is a routine transaction and not indicative of a major strategic shift or financial distress.