8-K

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

Filed November 2, 2021For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on November 2, 2021, reporting a transaction involving its own shares. Specifically, on November 1, 2021, CRH transferred 29,692 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €20.825 to €23.39 and £16.16 to £20.83, reflecting their market value at the time. This transaction is significant for investors as it impacts the company's outstanding share count and treasury stock position. Following this re-issue, CRH now holds 20,778,527 Ordinary Shares in treasury, and the total number of Ordinary Shares in issue (excluding treasury shares) stands at 774,361,811. This information is crucial for understanding the company's capital structure and potential dilution from share-based compensation.

Key Highlights

  • 1CRH re-issued 29,692 Ordinary Shares from treasury to employees on November 1, 2021.
  • 2The share re-issuance was part of CRH's employee share schemes.
  • 3Transaction prices varied, reflecting market values in Euros (€20.825 - €23.39) and Pounds Sterling (£16.16 - £20.83).
  • 4Following the re-issuance, CRH's treasury share balance decreased.
  • 5CRH now holds 20,778,527 Ordinary Shares in treasury.
  • 6The number of outstanding Ordinary Shares (excluding treasury) is 774,361,811.

Frequently Asked Questions

The transaction involved the re-issuance of CRH's own shares from its treasury to participants in its employee share schemes. This is a common practice for companies to fulfill obligations related to employee compensation and equity incentives.

The re-issuance of 29,692 shares from treasury to employees slightly increases the number of shares outstanding (excluding treasury shares) to 774,361,811. While treasury shares are not considered outstanding for voting or dividend purposes, their re-issuance means these shares are now actively held by employees.

CRH is a public limited company incorporated in Ireland but operates internationally, including in the UK. The pricing in both currencies reflects the different market listings and potentially the specific schemes or locations of the employees receiving the shares.

Treasury shares are shares that a company has repurchased from the open market or were issued and subsequently reacquired. Companies often hold treasury shares for various purposes, such as fulfilling stock options and employee share purchase plans, or for future acquisitions. The re-issuance of these shares on November 1st was to satisfy such obligations.