8-K

CRH PUBLIC LTD CO 8-K Report (Feb 4, 2021)

Filed February 4, 2021For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on February 4, 2021, reporting a transaction involving its own shares. Specifically, on February 3, 2021, the company transferred 928 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices of €16.19 and €27.86 per share. This transaction resulted in CRH holding 10,074,177 ordinary shares in treasury, with 785,066,161 ordinary shares outstanding (excluding treasury shares). This disclosure is primarily administrative, related to the company's equity management and employee incentive programs. For investors, it signifies ongoing engagement with employee share participation, but does not represent a significant strategic or financial event impacting the company's core operations or valuation.

Key Highlights

  • 1CRH plc re-issued 928 ordinary shares from treasury on February 3, 2021.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices ranged from €16.19 to €27.86 per ordinary share.
  • 4Following the transaction, CRH holds 10,074,177 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 785,066,161.

Frequently Asked Questions

The purpose of this transaction was to transfer ordinary shares from CRH's treasury stock to employees participating in its share schemes. This is a common practice for companies to reward and incentivize their employees.

This specific transaction involves the re-issuance of shares already held in treasury. While it changes the number of shares held in treasury and the total number of issued shares, the number of shares outstanding (held by the public) remains the same as these shares were previously issued and then reacquired into treasury.

Treasury shares are shares that a company has repurchased from the open market or had issued to it, and which are no longer outstanding. Companies hold treasury shares for various reasons, including funding employee stock options, for acquisitions, or to potentially re-issue them.

These prices represent the specific values at which the shares were transferred under the employee share schemes. They may reflect the market price around the time of the transfer but are determined by the terms of the specific scheme. Investors should refer to general market data for CRH's stock price on February 3, 2021, for a broader view of its valuation.