8-K

CRH PUBLIC LTD CO 8-K Report (Sep 2, 2021)

Filed September 2, 2021For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 2, 2021, to report a transaction involving its own shares. The company re-issued treasury shares to participants in its employee share schemes. This action involved transferring 34,050 ordinary shares on September 1, 2021, at prices ranging between €20.825 and €24.24, and between £20.11 and £20.83 per share. This transaction slightly reduced the number of shares held in treasury, bringing the total to 16,273,830 ordinary shares. The number of ordinary shares outstanding, excluding those held in treasury, stands at 778,866,508. This re-issuance of shares is a standard practice for employee incentive programs and does not represent a significant change in the company's overall financial structure, though it does impact the exact number of shares outstanding and treasury stock.

Key Highlights

  • 1CRH plc re-issued 34,050 ordinary shares from its treasury stock.
  • 2The shares were transferred to participants in the company's employee share schemes.
  • 3The transaction occurred on September 1, 2021.
  • 4Share prices for the re-issuance ranged from €20.825 to €24.24 and £20.11 to £20.83.
  • 5Following the transaction, CRH plc holds 16,273,830 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue, excluding treasury shares, is 778,866,508.

Frequently Asked Questions

The purpose of this transaction was to re-issue treasury shares to participants in CRH's employee share schemes, which is a common practice for employee compensation and incentive programs.

This transaction reduces the number of shares held in treasury and increases the number of shares outstanding (excluding treasury shares) by 34,050. The total number of ordinary shares in issue is now 778,866,508.

No, these are not new shares being issued by the company. The shares were previously held by CRH as treasury shares and are now being transferred to employees.

The price range indicates that the shares were transferred at their then-current market value, reflecting the different currency denominations (Euro and Pound Sterling) and potentially the specific timing of the transfers within the specified date.