Summary
CRH plc filed a Form 6-K on August 12, 2021, reporting a transaction involving its own shares. The company re-issued 9,198 Ordinary Shares from its treasury to participants in its employee share schemes on August 11, 2021. These shares were transferred at varying prices, with euro-denominated shares at €16.19 and sterling-denominated shares priced between £16.16 and £20.83. This transaction is a routine part of managing employee compensation and does not represent a significant change in the company's overall financial position or strategic direction.
Key Highlights
- 1CRH plc re-issued 9,198 Ordinary Shares on August 11, 2021.
- 2The shares were transferred to participants in employee share schemes.
- 3Prices for the re-issued shares varied by currency: €16.19 for euro shares and between £16.16 and £20.83 for sterling shares.
- 4Following this transaction, CRH plc holds 15,190,328 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares outstanding, excluding treasury shares, is 779,950,010.
Frequently Asked Questions
The transaction involved the re-issuance of treasury shares to participants in CRH's employee share schemes. This is a common practice for companies to fulfill obligations related to equity-based compensation plans for their employees.
The number of outstanding shares (excluding treasury shares) remains at 779,950,010. The re-issuance of treasury shares does not increase the total number of shares outstanding, as these shares were already part of the company's authorized but unissued or previously issued shares held in treasury.
The prices of €16.19 and £16.16 to £20.83 reflect the value at which the shares were transferred to employees under the terms of the share schemes. These prices are likely based on the market value of CRH's shares at the time of the award or vesting.
Treasury shares are shares that a company has repurchased from the open market or previously issued but are held by the company itself, rather than by external shareholders. They are not considered outstanding shares and do not have voting rights or receive dividends. Companies often hold treasury shares to use for employee stock options, acquisitions, or to reduce the number of outstanding shares.