8-K

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

Filed May 4, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K reporting a transaction involving its own shares. On May 3, 2022, the company transferred 696 ordinary shares from its treasury to a participant in an employee share scheme. This transaction was executed at a price of £20.11 per share. This event is minor in scale relative to the company's total outstanding shares and is primarily related to the administration of employee equity incentives. Investors should note that this is a routine operational disclosure rather than a significant strategic or financial event. The primary takeaway for investors is that CRH continues to manage its treasury shares in line with its employee benefit plans. The company's total number of ordinary shares in issue, excluding treasury shares, remains substantial at 765,016,562. The treasury share balance, after this transaction, stands at 9,123,776 shares. This filing does not indicate any material changes in CRH's financial performance or strategic direction, but rather reflects ongoing share-based compensation practices.

Key Highlights

  • 1CRH plc re-issued treasury shares on May 3, 2022.
  • 2A total of 696 ordinary shares were transferred.
  • 3The transaction was executed as part of an employee share scheme.
  • 4The re-issue price was £20.11 per ordinary share.
  • 5Following the transaction, CRH holds 9,123,776 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue, excluding treasury shares, is 765,016,562.

Frequently Asked Questions

The transaction involved the re-issue of treasury shares to a participant in an employee share scheme, which is a common practice for managing equity-based compensation.

No, this is a relatively small transaction concerning employee share schemes and does not represent a significant change in CRH's overall financial position or strategic direction.

As of May 3, 2022, after the transaction, CRH has 765,016,562 ordinary shares in issue, excluding treasury shares. The company holds 9,123,776 shares in treasury.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired or reissued. They are held on the company's balance sheet and do not carry voting rights or receive dividends. CRH uses these shares for its employee share schemes.