Summary
CRH Public Limited Company (CRH) filed a Form 6-K on September 22, 2022, reporting a transaction involving its own shares. The company announced the re-issue of treasury shares to participants in an employee share scheme. Specifically, on September 21, 2022, CRH transferred 3,348 Ordinary Shares at a price of €16.19 per share.
Key Highlights
- 1CRH plc re-issued treasury shares to employees.
- 23,348 Ordinary Shares were transferred on September 21, 2022.
- 3The transaction price was €16.19 per Ordinary Share.
- 4Following this transaction, CRH holds 21,538,230 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares in issue (excluding treasury shares) is 752,602,108.
Frequently Asked Questions
The transaction involved the re-issuance of treasury shares by CRH plc to participants in an employee share scheme. This is a common practice for companies to incentivize and reward their employees through equity.
CRH plc transferred 3,348 Ordinary Shares at a price of €16.19 per Ordinary Share on September 21, 2022.
This transaction reduced the number of shares held in treasury by 3,348. After the transfer, CRH holds 21,538,230 Ordinary Shares in Treasury. The number of outstanding shares (excluding treasury shares) remains 752,602,108, as these shares were re-issued from treasury stock rather than being newly issued.
For most investors, this is a routine administrative transaction related to employee compensation. It does not typically represent a material change in the company's financial position or strategic direction. The impact on the overall share count and market capitalization is minimal.