Summary
CRH Public Limited Company (CRH) filed a Form 6-K to report a transaction involving its own shares. On March 10, 2021, the company re-issued 6,696 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 is significant for investors as it affects the company's outstanding share count and treasury stock. Following this re-issuance, CRH now holds 10,336,169 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) standing at 784,804,169. This update provides clarity on CRH's capital structure and its ongoing engagement with employee incentive programs.
Key Highlights
- 1CRH plc re-issued 6,696 ordinary shares on March 10, 2021.
- 2The shares were transferred from treasury stock to participants in an employee share scheme.
- 3The re-issuance price was €16.19 per ordinary share.
- 4Following the transaction, CRH holds 10,336,169 ordinary shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is now 784,804,169.
- 6This filing is a Form 6-K report of a foreign private issuer.
Frequently Asked Questions
Re-issuing treasury shares means the company is using shares it previously repurchased or that were not originally issued. In this case, CRH is using these shares to fulfill obligations or incentivize participants in its employee share scheme, which can impact the number of outstanding shares and potentially earnings per share (EPS) calculations.
The total number of ordinary shares in issue (excluding treasury shares) increased from prior to this transaction to 784,804,169. The number of shares held in treasury decreased accordingly. This directly impacts the company's share count used for market capitalization and per-share metrics.
The price of €16.19 per share represents the value at which these treasury shares were transferred to employees. Investors may compare this price to the current market price of CRH shares to understand the potential value realization for the employees and the effective cost to the company if these were part of an employee compensation package.
CRH is a foreign private issuer registered in Ireland. Form 6-K is used to report information which the company makes public in its home country, files with a stock exchange, or distributes to its security holders, and is required by U.S. securities laws. This filing ensures U.S. investors are informed of material events concerning the company's shares.