Summary
This 8-K filing from CRH Public Limited Company (CRH) on March 7, 2022, reports on a transaction involving the re-issuance of treasury shares. Specifically, on March 4, 2022, CRH transferred 1,028 Ordinary Shares from its treasury to participants in an employee share scheme at a price of £20.11 per share. This transaction is part of CRH's ongoing practice of managing its share capital and incentivizing employees through equity-based plans. The filing also provides updated figures for CRH's share structure.
Key Highlights
- 1CRH plc re-issued 1,028 Ordinary Shares from treasury on March 4, 2022.
- 2The shares were transferred to participants in an employee share scheme.
- 3The transaction price was £20.11 per Ordinary Share.
- 4Following this transaction, CRH plc holds 8,457,647 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares in issue, excluding treasury shares, is now 765,682,691.
Frequently Asked Questions
The shares were re-issued to participants in an employee share scheme, indicating CRH's use of treasury shares for employee compensation and incentive programs.
This transaction involved re-issuing shares held in treasury, so it does not change the total number of outstanding shares. The number of shares in issue (excluding treasury shares) remains 765,682,691. The number of shares held in treasury decreased by 1,028.
The price of £20.11 per share represents the value at which CRH is re-issuing its own shares from treasury for its employee share scheme. This price could be linked to market value or a pre-determined scheme price.