Summary
CRH Public Limited Company (CRH) filed an 8-K report on October 22, 2021, disclosing a transaction related to its own shares. The company re-issued treasury shares as part of an employee share scheme. This transaction involved the transfer of 1,116 ordinary shares at a price of €16.19 per share on October 20, 2021. This filing provides transparency regarding CRH's share capital management and its commitment to employee incentive programs. Investors should note the impact on the number of outstanding shares and treasury shares. Following this transaction, CRH now holds 20,043,436 ordinary shares in treasury, with 775,096,902 ordinary shares remaining in issue.
Key Highlights
- 1CRH plc re-issued 1,116 Ordinary Shares from its treasury on October 20, 2021.
- 2The shares were transferred to a participant in an employee share scheme.
- 3The transaction price was €16.19 per Ordinary Share.
- 4Following the transaction, CRH holds 20,043,436 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares in issue (excluding Treasury Shares) is now 775,096,902.
Frequently Asked Questions
This filing is significant as it details a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to an employee. It impacts the total number of outstanding shares and the company's treasury stock balance, providing insight into its share capital management and employee incentive programs.
Shares held 'in Treasury' are shares that CRH has repurchased from the open market or previously issued shares that have been reacquired. These shares are not considered outstanding for voting or dividend purposes and can be re-issued for various corporate purposes, such as employee stock options or acquisitions.
This specific transaction involved re-issuing shares from treasury, which reduces the number of shares held in treasury but does not change the total number of outstanding shares in issue. The net effect on the number of shares in issue (excluding treasury shares) is nil in this instance, as shares were moved from treasury to the hands of an employee.
The price of €16.19 per share is relevant as it indicates the value at which these shares were transferred under the employee share scheme. It can be compared to the prevailing market price of CRH shares around that date to understand the valuation basis for employee compensation.