8-K

CRH PUBLIC LTD CO 8-K Report (Apr 29, 2021)

Filed April 29, 2021For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 29, 2021, to report a transaction involving its own shares. The company announced the re-issuance of treasury shares to participants in its employee share schemes. Specifically, 4,034 Ordinary Shares were transferred on April 28, 2021, at varying prices in Euros and Pounds Sterling. This action is a routine part of CRH's compensation and incentive programs for its employees. Following this transaction, CRH's treasury share balance stands at 10,274,720 Ordinary Shares. The total number of ordinary shares outstanding, excluding treasury shares, is now 784,865,618. This filing provides transparency regarding share capital movements and should be considered by investors interested in the company's share structure and employee incentive plans.

Key Highlights

  • 1CRH plc reported a transaction involving the re-issuance of treasury shares on April 28, 2021.
  • 24,034 Ordinary Shares were transferred to participants in employee share schemes.
  • 3Share prices for the transferred shares varied, with some in Euros (€16.19) and others in Pounds Sterling (£20.11 - £24.51).
  • 4This transaction is part of CRH's ongoing employee share incentive programs.
  • 5Following the re-issuance, CRH holds 10,274,720 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares in issue, excluding treasury shares, is now 784,865,618.

Frequently Asked Questions

This 8-K filing (specifically a Form 6-K as CRH is a foreign private issuer) is to report a transaction where CRH plc re-issued shares held in its treasury to employees participating in its share schemes. It's a disclosure of share capital movement.

CRH re-issued treasury shares as part of its employee share schemes. This is a common practice for companies to incentivize and reward employees through equity participation.

The total number of ordinary shares in issue (excluding treasury shares) is now 784,865,618. The re-issuance of treasury shares reduces the number of shares held in treasury, but the number of outstanding shares available to the public (excluding treasury shares) is directly impacted by these transfers as those shares are no longer considered treasury stock.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired or re-issued. They do not have voting rights and do not receive dividends. Companies often hold treasury shares for employee stock option plans, acquisitions, or to potentially boost earnings per share by reducing the number of outstanding shares.