Summary
CRH plc (CRH) filed a Form 6-K on May 6, 2021, reporting a transaction involving its own shares. The company transferred 8,928 Ordinary Shares to a participant in an employee share scheme at a price of €16.19 per share on May 5, 2021. This transaction resulted in a minor adjustment to CRH's treasury stock and issued share counts. This filing is primarily administrative, informing the market about the movement of shares related to employee compensation. While not indicative of a major strategic shift, it provides transparency regarding the company's share structure and its commitment to employee incentives. Investors can note the ongoing management of share capital for employee benefit programs.
Key Highlights
- 1CRH plc transferred 8,928 Ordinary Shares on May 5, 2021.
- 2The transfer was made to a participant in an employee share scheme.
- 3The transaction price was €16.19 per Ordinary Share.
- 4Following the transfer, CRH holds 10,495,792 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares in issue (excluding Treasury Shares) is now 784,644,546.
Frequently Asked Questions
The primary purpose of this filing (specifically a Form 6-K) is to report a transaction where CRH plc transferred treasury shares to an employee share scheme participant. It's a notification of share movement related to employee compensation.
This transaction reduces the number of shares held in treasury by 8,928 and slightly decreases the total number of shares outstanding (excluding treasury shares) to 784,644,546. The number of shares held in treasury is now 10,495,792.
No, this transaction appears to be routine administrative activity related to CRH's ongoing employee share-based compensation plans. It does not signal a major strategic shift or financial event for the company.
The price of €16.19 per share is the value at which the shares were transferred to the employee share scheme participant. This price is likely determined by the terms of the specific employee share scheme.