8-K

CRH PUBLIC LTD CO 8-K Report (Mar 22, 2021)

Filed March 22, 2021For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 22, 2021, reporting a transaction involving the re-issue of treasury shares. Specifically, on March 19, 2021, CRH transferred 1,016 ordinary shares to participants in its employee share schemes. These shares were transferred at varying prices denominated in both Euros and Pounds Sterling. This transaction is relevant to investors as it impacts the company's outstanding share count. Following the re-issue, CRH's treasury share balance decreased, and the number of ordinary shares in issue (excluding treasury shares) has been updated. This information is part of CRH's ongoing reporting obligations as a foreign private issuer and provides transparency regarding its share capital management and employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 1,016 ordinary shares from its treasury stock.
  • 2The transaction occurred on March 19, 2021.
  • 3Shares were transferred to participants in CRH's employee share schemes.
  • 4The transfer prices were in both Euros (€23.39 and €24.24) and Pounds Sterling (£20.11 and £20.83).
  • 5Following the transaction, CRH holds 10,991,153 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue, excluding treasury shares, is now 784,149,185.

Frequently Asked Questions

The transaction involved the re-issue of treasury shares to participants in CRH's employee share schemes. This is a common practice for companies to fulfill obligations under their equity-based compensation plans.

This transaction reduces the number of shares held in treasury by CRH and increases the number of shares in issue (outstanding shares, excluding treasury shares) by 1,016. The total number of ordinary shares in issue (excluding treasury shares) is now 784,149,185.

Companies often hold shares in treasury, which are shares that were previously issued and then repurchased by the company. These treasury shares can be used for various purposes, including fulfilling employee stock options, stock grants, or other employee incentive plans, as seen in this case.

The different currency prices (Euros and Pounds Sterling) likely reflect the denomination in which the employee share schemes operate or the location of the participants. It indicates CRH operates across different jurisdictions and manages its share schemes accordingly.