8-K

CRH PUBLIC LTD CO 8-K Report (Oct 30, 2020)

Filed October 30, 2020For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) primarily details a transaction involving its own shares. On October 30, 2020, CRH re-issued 930 ordinary shares from its treasury stock to a participant in an employee share scheme at a price of €16.19 per share. This transaction is minor in scale relative to the company's total shares outstanding. Following this re-issuance, CRH's total holdings of treasury shares decreased slightly, now standing at 14,622,531 ordinary shares. The total number of ordinary shares in issue, excluding these treasury shares, is 785,017,807. This event does not represent a significant strategic change or financial event for investors but is a routine administrative action related to employee compensation and share-based incentives.

Key Highlights

  • 1CRH plc re-issued 930 ordinary shares from treasury stock on October 30, 2020.
  • 2The re-issuance was made to a participant in an employee share scheme.
  • 3The price per ordinary share for this transaction was €16.19.
  • 4Following the transaction, CRH holds 14,622,531 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 785,017,807.
  • 6This filing is a Form 6-K, a report for foreign private issuers.

Frequently Asked Questions

The main purpose of this 8-K filing is to report a specific transaction involving CRH's own shares, specifically the re-issuance of treasury shares to an employee share scheme participant.

This transaction is a re-issuance of shares from treasury, meaning shares that were previously held by the company are now being put back into circulation. It slightly reduces the number of shares held in treasury, and consequently, increases the number of shares outstanding by 930. However, the impact on the total shares outstanding (785,017,807 excluding treasury) is minimal.

For most investors, this is a routine administrative transaction related to employee compensation and share plans. It does not represent a major financial event, strategic shift, or a buyback/issuance that would significantly affect the company's valuation or market position. The scale of the transaction is very small relative to the total shares outstanding.

Treasury shares are shares that a company has repurchased from the open market or that were reacquired in other ways. They are not considered outstanding for voting or dividend purposes. Companies hold treasury shares for various reasons, including to fulfill employee stock options, for potential acquisitions, or to re-issue them in share-based compensation plans, as seen in this filing.