8-K

CRH PUBLIC LTD CO 8-K Report (Jun 24, 2021)

Filed June 24, 2021For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on June 24, 2021, disclosing a transaction involving its own shares. Specifically, on June 23, 2021, the company re-issued treasury shares to participants in its employee share scheme. This transaction involved 23,077 ordinary shares, with prices ranging from £16.16 to £20.83 per share. This filing provides an update on CRH's treasury share position. Following this re-issuance, the company now holds 12,496,503 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding these treasury shares, stands at 782,643,835. This information is primarily relevant for understanding the company's share capital structure and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 23,077 treasury shares on June 23, 2021.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The transaction involved ordinary shares with prices between £16.16 and £20.83.
  • 4Following the transaction, CRH holds 12,496,503 ordinary shares in treasury.
  • 5The total number of ordinary shares outstanding (excluding treasury shares) is 782,643,835.

Frequently Asked Questions

The primary purpose of this 8-K filing is to disclose a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to employees under an incentive scheme.

This transaction reduces the number of shares held in treasury but does not change the total number of shares outstanding from an external investor's perspective. The number of ordinary shares in issue, excluding treasury shares, remains the relevant figure for shareholders.

Shares held in treasury are ordinary shares that CRH has repurchased but not cancelled. They are not considered outstanding for voting or dividend purposes and can be re-issued, for example, for employee share schemes, mergers, or acquisitions.

The prices (£16.16 and £20.83) reflect the market value of the shares at the time of the transaction. This can be a benchmark for employee compensation and is a standard disclosure for such share-based transactions.