Summary
CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On May 26, 2021, the company re-issued 2,768 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at varying prices, with the Euro-denominated shares priced at €16.19 and the Sterling-denominated shares priced between £20.11 and £24.51. This transaction has resulted in CRH holding 11,291,469 ordinary shares in treasury. The total number of ordinary shares currently in issue, excluding these treasury shares, stands at 783,848,869. This disclosure is primarily administrative, providing transparency on the company's share structure and employee incentive programs.
Key Highlights
- 1CRH plc re-issued 2,768 ordinary shares from treasury on May 26, 2021.
- 2The shares were transferred to participants in employee share schemes.
- 3Share prices varied by currency: €16.19 for Euro-denominated shares and £20.11-£24.51 for Sterling-denominated shares.
- 4Following the transaction, CRH holds 11,291,469 ordinary shares in treasury.
- 5The total number of outstanding ordinary shares (excluding treasury shares) is 783,848,869.
Frequently Asked Questions
The primary purpose of this Form 6-K filing is to report a transaction where CRH plc re-issued ordinary shares held in its treasury to employees participating in its share schemes. This is a routine disclosure to inform the market about changes in the company's share capital and treasury stock.
This transaction involves the re-issuance of shares from treasury, meaning these shares were already part of the company's authorized capital and previously held by the company. Therefore, this specific re-issuance does not change the total number of ordinary shares outstanding, but it does reduce the number of shares held in treasury and increases the number of shares in circulation to employees.
The different prices reflect the currency of the transaction. Shares transferred with a Euro price were likely associated with Euro-denominated schemes or subsidiaries, while those with Sterling prices were for Sterling-based schemes. This is a standard practice when a multinational company has operations and employee incentive plans in different currency regions.
Treasury shares are a company's own shares that it has repurchased from the open market or has held since its IPO. These shares are not considered outstanding for voting or dividend purposes and can be re-issued for various corporate purposes, such as employee stock options, acquisitions, or stock splits, as seen in this filing.