8-K

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

Filed April 4, 2022For Securities:CRH

Summary

CRH plc filed a Form 6-K on April 4, 2022, to report a transaction involving its own shares. The company announced that on April 1, 2022, it transferred 1,469 Ordinary Shares from treasury to participants in an employee share scheme. These shares were transferred at prices of £20.11 and £24.51 per share. This transaction is routine for companies with employee stock plans and represents a minor adjustment to the number of outstanding shares available to the public. Following this transfer, CRH plc now holds 7,216,161 Ordinary Shares in treasury, and the total number of issued Ordinary Shares, excluding treasury shares, stands at 766,924,177. This filing provides transparency regarding the company's share capital and its management of employee incentive programs.

Key Highlights

  • 1CRH plc transferred 1,469 Ordinary Shares from treasury to employee share scheme participants on April 1, 2022.
  • 2The transfer prices for these shares were £20.11 and £24.51 per share.
  • 3This transaction is a re-issue of treasury shares.
  • 4Following the transaction, CRH holds 7,216,161 Ordinary Shares in treasury.
  • 5The number of Ordinary Shares in issue (excluding treasury shares) is now 766,924,177.

Frequently Asked Questions

The main purpose of this filing (specifically a Form 6-K, which is an amendment to the 8-K structure for foreign issuers) is to report CRH plc's re-issuance of treasury shares to participants in an employee share scheme.

This transaction slightly reduces the number of shares held in treasury and keeps the number of shares in issue (excluding treasury shares) consistent. The total number of issued shares remains the same, but the pool of shares available for trading is marginally impacted by the re-issuance from treasury.

No, these are not new shares being issued. CRH is re-issuing shares that it previously repurchased and held in its treasury. This is a common practice for employee stock plans.

The treasury share balance represents shares that the company has repurchased. Holding shares in treasury allows a company to use them for employee stock options, acquisitions, or to manage its share capital without issuing new shares.