Summary
CRH Public Limited Company (CRH) filed a Form 6-K on September 24, 2020, to report a transaction involving its own shares. The company announced that on September 23, 2020, it transferred 2,608 Ordinary Shares from treasury to participants in an employee share scheme. These shares were transferred at prices ranging from £15.54 to £24.51 per share.
Key Highlights
- 1CRH transferred 2,608 treasury shares to employees on September 23, 2020.
- 2The transfer of shares was part of an employee share scheme.
- 3Share prices for the transfer ranged from £15.54 to £24.51.
- 4Following this transaction, CRH holds 14,648,311 shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 784,992,027.
Frequently Asked Questions
The primary purpose of this filing (Form 6-K) was to report a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to employees.
Companies typically transfer shares from treasury to fulfill obligations under employee stock option plans, restricted stock units, or other employee share schemes, as indicated in this filing.
The number of shares transferred (2,608) is very small relative to the total number of shares in issue (784,992,027), so it has a negligible impact on the overall outstanding share count.
Treasury shares are shares that a company has repurchased from the open market or otherwise reacquired. They are not considered outstanding for voting or dividend purposes until they are reissued. In this case, CRH is reissuing them.