8-K

CRH PUBLIC LTD CO 8-K Report (Jul 23, 2020)

Filed July 23, 2020For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K report detailing a transaction involving its own shares. On July 22, 2020, the company re-issued 4,543 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices of €16.19 and £24.51 per share, reflecting the respective currency values at the time of the transaction. This re-issuance has a minor impact on the total number of shares outstanding. Following the transaction, CRH's treasury stock now holds 14,708,156 shares, and the number of ordinary shares in issue, excluding treasury shares, stands at 784,932,182. This filing provides transparency regarding the company's share capital management and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 4,543 Ordinary Shares from treasury on July 22, 2020.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices were €16.19 and £24.51 per Ordinary Share.
  • 4Following the transaction, CRH holds 14,708,156 shares in Treasury.
  • 5The total number of Ordinary Shares in issue (excluding Treasury Shares) is 784,932,182.
  • 6This filing is made on Form 6-K, reporting foreign private issuer information.

Frequently Asked Questions

The shares were re-issued from CRH's treasury stock to fulfill obligations related to its employee share schemes, likely as part of long-term incentive plans or stock purchase programs for employees.

The transaction reduces the number of shares held in treasury but does not change the total number of shares outstanding as these shares were already issued and held by the company. The number of shares in issue, excluding treasury shares, remains the key figure for calculating per-share metrics.

The different prices reflect the currency in which the transaction was settled or the prevailing market value in those respective currencies at the time of transfer. This indicates CRH operates in multiple jurisdictions and manages its share schemes with consideration for different currency denominations.

For most investors, this is a routine transaction related to employee compensation and share scheme management. While it impacts treasury stock and shares in issue figures, the percentage change in total outstanding shares is very small, and it does not represent a significant change in the company's financial position or strategic direction.