8-K

CRH PUBLIC LTD CO 8-K Report (Mar 4, 2022)

Filed March 4, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 4, 2022, to report a transaction involving its own shares. The company re-issued 199,925 ordinary shares from its treasury to the Trustees of the CRH plc Employee Benefit Trust. This re-issuance was specifically to satisfy vested awards under the CRH 2014 Performance Share Plan. This transaction primarily impacts the company's share count for employee compensation plans. Following the re-issuance, CRH now holds 8,172,175 ordinary shares in treasury, and the total number of ordinary shares outstanding (excluding treasury shares) stands at 765,968,163. Investors should note that this is a standard share-based compensation mechanism and does not represent a new issuance of shares to the public market.

Key Highlights

  • 1CRH plc re-issued 199,925 ordinary shares from treasury.
  • 2The shares were transferred to the Trustees of the CRH plc Employee Benefit Trust.
  • 3The purpose of the re-issuance was to satisfy vested awards under the CRH 2014 Performance Share Plan.
  • 4The transaction price per share was €39.78.
  • 5Following this transaction, CRH holds 8,172,175 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue (excluding treasury shares) is 765,968,163.

Frequently Asked Questions

The primary purpose of this transaction is to fulfill the company's obligations under its employee incentive plans, specifically the CRH 2014 Performance Share Plan, by providing shares for vested awards to employees.

This transaction involves re-issuing shares already held in treasury. Therefore, it does not change the total number of shares outstanding in the market. The number of shares in issue (excluding treasury shares) remains the same as before this specific re-issuance, although the treasury share count is reduced.

Treasury shares are shares that a company has repurchased from the open market or, as in this case, re-issued from previously held treasury stock. They are not considered outstanding shares and do not carry voting rights. Companies typically hold treasury shares for employee stock option plans, acquisitions, or to potentially reduce outstanding shares in the future.

This is generally considered a routine corporate action related to employee compensation. It indicates that the company is meeting its commitments under its share-based incentive programs. It does not inherently represent a change in the company's financial health or strategic direction, but rather the execution of existing compensation structures.