Summary
CRH Public Limited Company (CRH) filed a Form 6-K on December 29, 2020, reporting a transaction involving its own shares. On December 23, 2020, the company re-issued 2,046 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at a price of €16.19 per share. This transaction resulted in a minor adjustment to CRH's treasury share balance. Following the re-issuance, CRH now holds 10,087,161 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, remains substantial at 785,053,177. This filing provides transparency regarding the company's share capital management and its commitment to employee incentive programs.
Key Highlights
- 1CRH plc re-issued 2,046 Ordinary Shares from treasury on December 23, 2020.
- 2The shares were transferred to participants in an employee share scheme.
- 3The price per Ordinary Share for this transaction was €16.19.
- 4Following the transaction, CRH holds 10,087,161 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares in issue (excluding Treasury Shares) is 785,053,177.
- 6The filing is a Form 6-K, a report of a foreign private issuer.
- 7The transaction impacts the company's treasury stock and issued share count.
Frequently Asked Questions
The purpose of the transaction was to re-issue treasury shares to participants in an employee share scheme. This is a common practice for companies to incentivize and reward their employees.
This transaction involved re-issuing shares that were already held by the company in treasury. Therefore, it does not change the total number of shares outstanding that are held by the public. It reduces the number of treasury shares and increases the number of shares held by employees.
Treasury shares are shares that a company has bought back from the open market or were previously issued and subsequently reacquired. They are not included in the calculation of earnings per share and do not carry voting rights. Companies hold treasury shares for various reasons, including funding employee stock options, share-based compensation plans, or future acquisitions.
The price of €16.19 per share represents the value at which these treasury shares were transferred to employees. While this price is specific to this employee stock scheme transaction, investors would typically compare it to the prevailing market price of CRH's ordinary shares around the transaction date to understand the terms of the employee incentive.