8-K

CRH PUBLIC LTD CO 8-K Report (Jun 23, 2022)

Filed June 23, 2022For Securities:CRH

Summary

CRH plc filed a Form 6-K on June 23, 2022, to report a transaction involving its own shares. The company announced that on June 22, 2022, it transferred 1,488 ordinary shares to a participant in an employee share scheme at a price of €16.19 per share. This transaction is part of CRH's ongoing management of its share capital in relation to employee benefit programs. Following this transfer, CRH plc's treasury share balance has been updated. The company now holds 13,827,794 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding these treasury shares, stands at 760,312,544. Investors should note this is a routine administrative action related to employee compensation and not indicative of a significant change in the company's operational or financial performance.

Key Highlights

  • 1CRH plc filed a Form 6-K on June 23, 2022, reporting a transaction in its own shares.
  • 2The company transferred 1,488 ordinary shares on June 22, 2022.
  • 3The shares were transferred to a participant in an employee share scheme.
  • 4The price per share for this transaction was €16.19.
  • 5CRH plc's treasury share balance is now 13,827,794 ordinary shares.
  • 6The total number of ordinary shares in issue (excluding treasury shares) is 760,312,544.

Frequently Asked Questions

The transaction involved the transfer of CRH's ordinary shares to a participant in an employee share scheme. This is a standard practice for companies to manage equity for employee compensation and benefit programs.

This specific transaction involved treasury shares, which are shares previously issued and repurchased by the company. The transfer of treasury shares to an employee does not change the total number of shares outstanding in the market, but it does reduce the number of shares held in treasury.

The reduction in treasury shares to 13,827,794 reflects the issuance of shares for employee benefits. This is a normal part of capital management and indicates that these shares are now being used for their intended purpose within employee incentive plans rather than being held by the company.

This is neither a share buyback nor a new issuance of shares from the company's perspective. It is a re-issue of previously held treasury shares for an employee benefit plan.