Summary
CRH Public Limited Company (CRH) filed a Form 6-K on September 4, 2020, reporting on a transaction involving its own shares. The company announced the re-issue of treasury shares to participants in its employee share schemes. Specifically, 21,775 Ordinary Shares were transferred on September 3, 2020, at varying prices denominated in both Euros and Pounds Sterling.
Key Highlights
- 1CRH plc re-issued treasury shares to employees on September 3, 2020.
- 2A total of 21,775 Ordinary Shares were transferred.
- 3The share transfers were part of CRH's employee share schemes.
- 4Transaction prices varied, with Euro prices ranging from €16.19 to €27.86.
- 5Transaction prices in Pounds Sterling ranged from £15.54 to £24.51.
- 6Following these transactions, CRH's treasury share balance is 14,655,602.
- 7The total number of ordinary shares outstanding (excluding treasury shares) is 784,984,736.
Frequently Asked Questions
The primary purpose of this filing is to report CRH plc's re-issuance of treasury shares to participants in its employee share schemes. This is a disclosure requirement for transactions involving the company's own shares.
CRH reissued treasury shares as part of its employee share schemes. This is a common practice for companies to incentivize and reward employees through stock ownership.
This transaction reduces the number of shares held in treasury by 21,775. The total number of ordinary shares in issue (excluding treasury shares) remains 784,984,736, as these were reissued from existing treasury stock rather than creating new shares.
Treasury shares are shares that a company has repurchased from the open market but has not yet retired or reissued. They are held by the company and can be used for various purposes, such as employee stock options, stock buybacks, or acquisitions.