Summary
CRH Public Limited Company (CRH) has filed a Form 6-K detailing a transaction involving its own shares, specifically the re-issuance of treasury shares. On March 21, 2022, CRH transferred 3,184,980 Ordinary Shares from its treasury to the Trustees of the CRH plc Employee Benefit Trust. This action was taken to satisfy vested awards under the company's 2014 Performance Share Plan. The shares were transferred at a price of €40.95 per share.
Key Highlights
- 1CRH plc re-issued 3,184,980 Ordinary Shares from its treasury.
- 2The shares were transferred to the CRH plc Employee Benefit Trust.
- 3The purpose of the transfer was to satisfy vested awards under the CRH 2014 Performance Share Plan.
- 4The transaction occurred on March 21, 2022.
- 5The re-issue price per Ordinary Share was €40.95.
- 6Following this transaction, CRH plc now holds 6,123,194 Ordinary Shares in Treasury.
- 7The total number of Ordinary Shares in issue, excluding treasury shares, is 768,017,144.
Frequently Asked Questions
This Form 6-K filing is to report a transaction by CRH plc involving its own shares, specifically the re-issuance of treasury shares to satisfy employee benefit plan awards.
CRH plc re-issued 3,184,980 Ordinary Shares to the Trustees of the CRH plc Employee Benefit Trust.
The price of €40.95 per share is the value at which these treasury shares were transferred to satisfy the vested awards under the employee share plan. This suggests that the market value of CRH shares was at least this amount at the time of the transaction.
This transaction involves re-issuing shares from treasury, so it does not create new shares or reduce the total number of shares outstanding. Instead, it reduces the number of shares held in treasury and increases the number of shares held by the employee benefit trust. The number of outstanding shares (excluding treasury shares) remains 768,017,144.