8-K

CRH PUBLIC LTD CO 8-K Report (Sep 29, 2022)

Filed September 29, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K detailing a transaction involving its own shares. On September 28, 2022, the company transferred 1,488 Ordinary Shares from its treasury to a participant in an employee share scheme. This transaction was executed at a price of €16.19 per share. This event has a minor impact on the company's share structure, reducing its treasury stock by the number of shares transferred. Following this transaction, CRH now holds 22,354,950 Ordinary Shares in Treasury, with 751,785,388 Ordinary Shares remaining in issue. Investors should note that this type of transaction is common for companies with employee share schemes and generally indicates ongoing efforts to incentivize and retain employees through equity ownership.

Key Highlights

  • 1CRH plc transferred 1,488 Ordinary Shares on September 28, 2022.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The transaction price was €16.19 per Ordinary Share.
  • 4CRH plc now holds 22,354,950 Ordinary Shares in Treasury following the transfer.
  • 5The total number of Ordinary Shares in issue (excluding treasury shares) is 751,785,388.

Frequently Asked Questions

CRH plc reported the re-issue of treasury shares, specifically transferring Ordinary Shares to a participant in an employee share scheme.

The shares were transferred as part of an employee share scheme, which is a common practice for companies to incentivize and reward employees.

No, this is a relatively small transaction. The number of outstanding shares (excluding treasury shares) remains high at 751,785,388. The transfer only affects the composition of treasury stock.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired. They can be used for various purposes, including employee stock options, acquisitions, or future share buybacks. Re-issuing them, as done here, reduces the treasury stock balance.