8-K

CRH PUBLIC LTD CO 8-K Report (Jul 19, 2022)

Filed July 19, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K report detailing a transaction involving its own shares. On July 15, 2022, the company re-issued 24,712 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, reflecting market values at the time of the transaction. This transaction has resulted in a slight adjustment to CRH's treasury stock balance. Following the re-issuance, the company now holds 15,817,511 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, stands at 758,322,827. This filing is primarily an informational update regarding share management and employee incentive programs rather than a material financial event.

Key Highlights

  • 1CRH plc re-issued 24,712 ordinary shares from treasury on July 15, 2022.
  • 2The re-issued shares were part of an employee share scheme.
  • 3The transaction prices ranged from £20.11 to £24.51 per ordinary share.
  • 4Following the transaction, CRH holds 15,817,511 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 758,322,827.
  • 6This filing is a Form 6-K, reporting foreign private issuer information.
  • 7The event date of the transaction was July 15, 2022, with the filing date of July 18, 2022.

Frequently Asked Questions

This filing (specifically a Form 6-K) is to report a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to employees under an incentive scheme. It's an informational update for transparency regarding share capital management.

The total number of shares outstanding, excluding treasury shares, remains largely unaffected in terms of market float. The 24,712 shares were moved from treasury stock (which is not considered outstanding) back into circulation for employees. The net change in treasury shares is a reduction.

These prices represent the value at which the treasury shares were transferred to employees participating in the share scheme. They reflect the market price of CRH's ordinary shares around July 15, 2022, and are indicative of the compensation or incentive value provided to employees.

Treasury shares are shares that a company has repurchased from the open market or, in this case, previously issued and subsequently reacquired. They are not considered outstanding shares and do not carry voting rights or receive dividends. Companies hold treasury shares for various purposes, including employee stock options and share schemes, or to offset dilution from new issuances.