8-K

CRH PUBLIC LTD CO 8-K Report (Aug 28, 2020)

Filed August 28, 2020For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on August 28, 2020, reporting on a transaction involving its own shares. The company transferred 18,822 Ordinary Shares from its treasury to participants in its employee share schemes on August 27, 2020. This transaction involved shares being issued at various prices denominated in both Euros and Pounds Sterling, reflecting different scheme participation or pricing structures. Following this re-issuance of treasury shares, CRH's total holdings of treasury shares decreased to 14,677,377. The number of outstanding ordinary shares, excluding treasury shares, stands at 784,962,961. This filing is primarily informational, detailing the movement of shares related to employee compensation and incentive plans, and does not indicate a new financing or significant strategic operational change for the company.

Key Highlights

  • 1CRH plc re-issued 18,822 Ordinary Shares from treasury to employees.
  • 2The share re-issuance occurred on August 27, 2020.
  • 3Shares were transferred at prices between €21.12 - €27.86 and £15.54 - £24.51.
  • 4This transaction was part of CRH's employee share schemes.
  • 5Post-transaction, CRH holds 14,677,377 shares in treasury.
  • 6The total number of outstanding ordinary shares (excluding treasury) is 784,962,961.

Frequently Asked Questions

The re-issuance of treasury shares was for CRH's employee share schemes, likely as part of long-term incentive plans, bonuses, or options exercised by employees.

This transaction involves the re-issuance of shares already held in treasury, so it does not change the total authorized or issued share capital. It reduces the number of shares held in treasury and increases the number of shares held by employees, resulting in a slight decrease in treasury shares and a corresponding increase in shares in circulation held by participants of the share schemes.

The different price ranges in Euros and Pounds Sterling reflect that CRH operates in multiple geographies and the share schemes may have different pricing mechanisms or currency denominations for participants in different regions.

This is an operational filing related to employee compensation and does not represent a significant financial transaction like a debt issuance or equity offering. It primarily affects the company's equity structure by reducing treasury stock.