8-K

CRH PUBLIC LTD CO 8-K Report (Sep 17, 2021)

Filed September 17, 2021For Securities:CRH

Summary

CRH plc has filed a Form 6-K reporting a transaction involving its own shares. On September 15, 2021, the company transferred 1,116 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at a price of €16.19 per share. This transaction is noteworthy as it reflects the company's ongoing use of treasury shares for employee incentive programs. Following this transfer, CRH plc's treasury share balance is now 17,116,359 ordinary shares. The total number of ordinary shares outstanding, excluding treasury shares, remains substantial at 778,023,973. Investors should note this is a routine administrative event related to employee compensation rather than a significant strategic or financial event for the company.

Key Highlights

  • 1CRH plc re-issued 1,116 ordinary shares from its treasury.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The transaction occurred on September 15, 2021.
  • 4The transfer price per ordinary share was €16.19.
  • 5Following the transaction, CRH holds 17,116,359 ordinary shares in treasury.
  • 6The number of ordinary shares in issue (excluding treasury shares) is 778,023,973.

Frequently Asked Questions

The transaction involved the re-issuance of treasury shares to participants in an employee share scheme, which is a common practice for compensating and incentivizing employees.

While the total number of issued shares remains the same, the number of shares held in treasury decreased, and the number of shares held by employees increased. The number of ordinary shares in issue, excluding treasury shares, is 778,023,973, which is the figure relevant for market capitalization and per-share calculations.

No, this is a routine administrative transaction related to employee compensation. The number of shares re-issued is very small relative to the total shares outstanding and is unlikely to have a material impact on the company's financial performance or stock price.

Treasury shares are a company's own shares that it has repurchased but not yet cancelled. Companies can hold these shares for various purposes, including employee stock options, acquisitions, or to influence earnings per share. They are not included in the calculation of outstanding shares for voting or dividend purposes.