8-K

CRH PUBLIC LTD CO 8-K Report (Dec 11, 2020)

Filed December 11, 2020For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) dated December 10, 2020, primarily concerns a transaction involving the company's own shares. Specifically, CRH announced the re-issuance of treasury shares to participants in its employee share schemes. This transaction involved 5,119 ordinary shares transferred at varying prices denominated in both Euros and British Pounds. For investors, the key takeaway is that CRH is utilizing its treasury shares to fulfill obligations under employee share plans. This is a common practice for companies to incentivize and retain employees. The filing also provides updated figures for CRH's treasury shares and outstanding shares, which are important metrics for understanding the company's capital structure and potential dilution. The total number of ordinary shares held in treasury post-transaction is 14,590,462, with 785,049,876 ordinary shares remaining in issue.

Key Highlights

  • 1CRH plc re-issued 5,119 ordinary shares from its treasury stock.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices varied, with some shares at €16.19 and others between £20.11 and £24.51.
  • 4Following this transaction, CRH holds 14,590,462 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 785,049,876.
  • 6This filing is made on Form 6-K, indicating it's a report by a foreign private issuer.

Frequently Asked Questions

The main purpose of this 8-K filing is to report a transaction where CRH plc re-issued treasury shares to employees participating in its share schemes. It also provides updated figures on the company's treasury and issued share counts.

This specific transaction involves re-issuing shares that were already held by the company in treasury. Therefore, it does not change the total number of shares outstanding. The filing confirms the updated number of shares in issue (excluding treasury shares) remains at 785,049,876.

Companies typically re-issue treasury shares to employees as part of their compensation and incentive programs. This can include stock options, restricted stock units, or other share-based awards designed to align employee interests with shareholder value and retain key talent.

Treasury shares are shares that a company has repurchased from the open market or has been issued but not yet sold. These shares are held by the company itself and are not considered outstanding shares. They can be re-issued later for various corporate purposes, such as employee stock plans, mergers, or acquisitions.