Summary
CRH Public Limited Company (CRH) filed a Form 6-K on March 24, 2022, reporting a transaction involving its own shares. The company transferred 1,860 Ordinary Shares from treasury to a participant in an employee share scheme on March 23, 2022, at a price of €16.19 per share. This transaction is noteworthy as it reduces the number of shares held in treasury. Following this event, CRH now holds 6,338,865 Ordinary Shares in treasury. The total number of issued ordinary shares, excluding treasury shares, stands at 767,801,473. This information is relevant for investors monitoring share capital, employee incentive programs, and potential future share buybacks or issuances.
Key Highlights
- 1CRH plc re-issued treasury shares on March 23, 2022.
- 21,860 Ordinary Shares were transferred to an employee share scheme participant.
- 3The transaction price was €16.19 per Ordinary Share.
- 4Following the re-issue, CRH holds 6,338,865 Ordinary Shares in treasury.
- 5The total number of issued Ordinary Shares (excluding treasury shares) is 767,801,473.
- 6The filing is a Form 6-K, reporting a transaction by a foreign private issuer.
- 7This action relates to the company's management of its share capital and employee compensation.
Frequently Asked Questions
Re-issuing treasury shares typically means the company is using shares it previously repurchased to fulfill obligations such as employee stock options, restricted stock units, or other share-based compensation plans. This reduces the number of shares held in treasury and can impact the total number of outstanding shares if they are not already accounted for in the diluted share count.
This specific transaction involves moving shares from treasury stock to be held by an employee, rather than issuing new shares. Therefore, the total number of issued ordinary shares (767,801,473) remains unchanged. The number of shares held in treasury decreases, and the number of shares held by the public (or employees) increases by the same amount.
The price of €16.19 per share represents the value at which these treasury shares were transferred to the employee under the share scheme. Investors would need to compare this price to the prevailing market price of CRH's ordinary shares around March 23, 2022, to assess if it reflects a discount or premium, though typically these transfers are at or near market value for compensation purposes.
As a foreign private issuer registered in the U.S., CRH files a Form 6-K to report certain information that it makes public in its home country (Ireland) or is required to disclose under Irish law. Transactions involving the company's own shares, especially those related to employee benefit schemes, are often reportable events.