Summary
CRH plc filed a Form 6-K on June 20, 2022, disclosing a transaction involving its own shares. Specifically, on June 17, 2022, the company transferred 195,310 Ordinary Shares from its treasury to participants in an employee share scheme. These shares were transferred at prices of £20.11 and £24.51 per share. This transaction resulted in a reduction of CRH's treasury shares. Following the re-issuance, the company now holds 13,427,576 Ordinary Shares in Treasury. The total number of outstanding Ordinary Shares, excluding treasury shares, is reported as 760,712,762. This filing provides transparency regarding the company's share capital management and its use of treasury shares for employee incentives.
Key Highlights
- 1CRH plc re-issued treasury shares on June 17, 2022.
- 2A total of 195,310 Ordinary Shares were transferred.
- 3The shares were transferred to participants in an employee share scheme.
- 4The transfer prices ranged from £20.11 to £24.51 per Ordinary Share.
- 5Following the transaction, CRH holds 13,427,576 Ordinary Shares in Treasury.
- 6The number of outstanding Ordinary Shares (excluding treasury shares) is 760,712,762.
Frequently Asked Questions
The shares were re-issued from CRH's treasury stock to participants in an employee share scheme, indicating the company is using its own shares as part of its compensation and incentive programs for employees.
The transaction reduces the number of shares held in treasury by 195,310. The total number of outstanding shares (excluding treasury shares) remains largely the same, as these were re-issued from existing treasury stock rather than new shares being created.
Treasury shares are a company's own shares that it has repurchased from the open market. They are not included in the calculation of outstanding shares for earnings per share (EPS) purposes and can be re-issued for various corporate purposes, such as employee stock options or acquisitions.
These prices represent the value at which the treasury shares were transferred to employees under the share scheme. Investors might compare these prices to CRH's then-current market trading price to understand the potential benefit or discount provided to employees.