Summary
CRH plc filed a Form 6-K on July 15, 2021, reporting a transaction in its own shares. The company transferred 10,895 Ordinary Shares from treasury to participants in its employee share scheme on July 14, 2021. These shares were issued at prices ranging from £16.16 to £20.83 per share. This transaction is primarily administrative and relates to the company's ongoing employee compensation and incentive programs. It does not represent a significant change in the company's financial position or strategic direction. Following the transfer, CRH plc's treasury share balance reduced to 13,630,190 Ordinary Shares, with the total number of issued shares (excluding treasury) standing at 781,510,148.
Key Highlights
- 1CRH plc re-issued 10,895 Ordinary Shares from treasury on July 14, 2021.
- 2The shares were transferred to participants in the company's employee share scheme.
- 3The transaction prices ranged from £16.16 to £20.83 per Ordinary Share.
- 4Following this transaction, CRH plc holds 13,630,190 Ordinary Shares in Treasury.
- 5The total number of issued Ordinary Shares (excluding Treasury Shares) is now 781,510,148.
Frequently Asked Questions
The purpose of this transaction was to transfer shares from CRH's treasury stock to employees participating in its share scheme as part of their compensation or incentives.
No, this transaction involved the re-issuance of shares previously held by the company in treasury, directly to employees under their share schemes. It does not represent a sale on the open market.
The total number of issued shares (excluding treasury shares) remains 781,510,148. The number of treasury shares decreased by 10,895, but this does not change the outstanding share count for voting or dividend purposes until they are formally cancelled or re-issued in a way that impacts the total issued count.
This price range likely reflects the prevailing market prices or the exercise price of options for the employee share scheme at the time of the transfer. It is standard practice for such schemes to be priced based on current market valuations.