8-K

CRH PUBLIC LTD CO 8-K Report (Oct 29, 2020)

Filed October 29, 2020For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K to report on a transaction involving its own shares on October 28, 2020. The company transferred 10,347 ordinary shares from its treasury stock to participants in employee share schemes. These shares were transferred at various price points denominated in both Euros (€21.12 and €27.86) and Pounds Sterling (£15.54 and £24.51). This transaction reflects CRH's ongoing engagement with its employee incentive programs and has a minor impact on its outstanding share count. Following this transfer, CRH's total treasury shares decreased, and the number of ordinary shares in issue (excluding treasury shares) was reported as 785,016,877. This filing provides transparency regarding the company's share capital management and its commitment to employee compensation through equity-based awards. Investors should note that this is a routine event related to stock-based compensation rather than a significant corporate event or financial transaction.

Key Highlights

  • 1CRH plc transferred 10,347 ordinary shares from treasury stock to employees.
  • 2The share transfer occurred on October 28, 2020.
  • 3The shares were transferred at prices of €21.12 and €27.86, and £15.54 and £24.51.
  • 4This transaction is related to CRH's employee share schemes.
  • 5Following the transaction, CRH holds 14,623,461 shares in treasury.
  • 6The number of ordinary shares in issue (excluding treasury shares) is 785,016,877.

Frequently Asked Questions

The purpose of this transaction was to re-issue treasury shares to participants in CRH's employee share schemes, which is a common practice for equity-based compensation and employee incentive programs.

CRH transferred 10,347 ordinary shares from its treasury stock. These shares were transferred to participants in its employee share schemes.

The transfer slightly reduces the number of treasury shares held by CRH. After this transaction, CRH holds 14,623,461 treasury shares, and the number of outstanding ordinary shares (excluding treasury shares) is 785,016,877. This is a relatively small adjustment to the overall share capital.

The prices at which the shares were transferred (€21.12, €27.86, £15.54, £24.51) reflect the market value or a predetermined value set by the employee share scheme at the time of transfer. They indicate the value of the awards to the employees.