Summary
CRH Public Limited Company (CRH) filed a Form 6-K on March 5, 2021, reporting a transaction in its own shares. The company transferred 288 Ordinary Shares from treasury to participants in an employee share scheme. This transaction occurred on March 4, 2021, at a price of £20.11 per share. Following this transfer, CRH's treasury stock balance has been adjusted. The company now holds 10,072,865 Ordinary Shares in treasury, and the total number of Ordinary Shares outstanding (excluding treasury shares) stands at 785,067,473. This filing is primarily informational, detailing the movement of shares related to employee compensation and the resulting impact on the company's share structure.
Key Highlights
- 1CRH plc re-issued 288 Ordinary Shares from its treasury stock.
- 2The shares were transferred to participants in an employee share scheme on March 4, 2021.
- 3The transaction price for these shares was £20.11 per Ordinary Share.
- 4Following the transaction, CRH holds 10,072,865 Ordinary Shares in treasury.
- 5The total number of issued Ordinary Shares, excluding treasury shares, is 785,067,473.
Frequently Asked Questions
This Form 6-K filing is an informational report by CRH plc to the SEC. It specifically discloses a transaction involving the company's own shares, namely the re-issuance of treasury shares to employees under an employee share scheme.
This transaction involved moving shares from treasury stock to outstanding shares. While the total number of shares issued might be technically unchanged, the number of shares held in treasury decreased, and the number of outstanding shares (excluding treasury) increased by the 288 shares transferred. The filing clarifies that CRH's issued shares excluding treasury are now 785,067,473.
No, this is not a new issuance of shares. These 288 shares were already issued and held by the company in its treasury. The transaction simply moves them from treasury stock (which doesn't carry voting rights and isn't included in earnings per share calculations) to outstanding shares held by employees.
The £20.11 price per share represents the value at which these treasury shares were transferred to employees under the share scheme. This price is likely determined by the terms of the employee share plan and may reflect market value or a pre-determined rate.