8-K

CRH PUBLIC LTD CO 8-K Report (May 13, 2021)

Filed May 13, 2021For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on May 13, 2021, reporting a transaction involving its own shares. Specifically, on May 12, 2021, the company transferred 1,841 Ordinary Shares from its treasury to participants in its employee share scheme. These shares were transferred at prices ranging from £16.16 to £24.51 per share. This transaction represents a relatively small number of shares being re-issued from treasury to employees. Following this event, CRH's total treasury shareholding stands at 10,743,743 Ordinary Shares, with 784,396,595 Ordinary Shares remaining in issue. Investors should note that this type of transaction is common for companies with employee stock plans and typically does not signify a material change in the company's financial health or strategic direction.

Key Highlights

  • 1CRH plc re-issued 1,841 Ordinary Shares from treasury to participants in its employee share scheme on May 12, 2021.
  • 2The transfer prices for these shares ranged between £16.16 and £24.51 per Ordinary Share.
  • 3Following this transaction, CRH plc's treasury share balance is 10,743,743 Ordinary Shares.
  • 4The number of CRH's Ordinary Shares currently in issue (excluding treasury shares) is 784,396,595.
  • 5The filing is a Form 6-K, which is used by foreign private issuers to report information that is made public or required to be filed in their home country.
  • 6This event is related to the company's ongoing employee share incentive programs.

Frequently Asked Questions

The purpose of this transaction was to transfer Ordinary Shares from CRH's treasury to employees participating in its employee share scheme. This is a common practice for companies to fulfill obligations under stock-based compensation plans.

No, this transaction is not considered significant in terms of impacting CRH's overall financial performance or strategic direction. It involves a small number of shares being re-issued from treasury to employees as part of an ongoing incentive program.

The total number of CRH shares in issue (excluding treasury shares) remains at 784,396,595. The re-issuance of treasury shares does not change the total number of shares outstanding as these shares were already accounted for in the overall share capital, merely held in treasury.

No, this transaction is the opposite of a share buyback. CRH is re-issuing shares it previously held in treasury, rather than acquiring new shares from the market.