8-K

CRH PUBLIC LTD CO 8-K Report (Dec 23, 2021)

Filed December 23, 2021For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on December 23, 2021, reporting a transaction involving its own shares. Specifically, on December 22, 2021, the company re-issued 8,184 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 represents a relatively small adjustment to CRH's share capital. Following the re-issuance, the company now holds 24,057,537 ordinary shares in treasury, and the total number of outstanding ordinary shares, excluding treasury shares, stands at 771,082,801. Investors should note that this type of transaction is common for companies with employee stock plans and typically does not indicate a significant change in the company's financial health or strategic direction.

Key Highlights

  • 1CRH plc re-issued 8,184 ordinary shares from treasury on December 22, 2021.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The re-issue price was €16.19 per ordinary share.
  • 4Following the transaction, CRH holds 24,057,537 ordinary shares in treasury.
  • 5The number of outstanding ordinary shares (excluding treasury shares) is now 771,082,801.

Frequently Asked Questions

The shares were re-issued from CRH's treasury to satisfy obligations under an employee share scheme, which is a common practice for companies to incentivize and reward their employees.

This specific transaction reduced the number of treasury shares by 8,184. The number of outstanding ordinary shares (excluding treasury shares) remains at 771,082,801. The total number of shares held in treasury decreased to 24,057,537.

Generally, the re-issuance of a small number of treasury shares for employee compensation is a routine corporate action and is not considered a significant event that would substantially impact CRH's overall financial performance or strategic outlook.

Treasury shares are a company's own shares that it has repurchased but not yet cancelled. These shares can be re-issued later for various purposes, such as employee stock options, acquisitions, or dividends.