8-K

CRH PUBLIC LTD CO 8-K Report (Oct 3, 2022)

Filed October 3, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on October 3, 2022, to report a transaction involving its own shares. The company transferred 17,592 Ordinary Shares from its treasury to participants in employee share schemes on September 30, 2022. This transaction involved shares valued in both Euros and British Pounds, reflecting different grant dates or scheme types. Following this transfer, CRH's total number of ordinary shares held in treasury is now 22,654,270. The number of ordinary shares in issue, excluding treasury shares, stands at 751,486,068. This latter figure is important for shareholders to use as a denominator for calculating their notifiable interests under relevant transparency regulations.

Key Highlights

  • 1CRH transferred 17,592 Ordinary Shares to employee share scheme participants on September 30, 2022.
  • 2The shares were transferred at varying prices in both EUR (€24.24 and €27.86) and GBP (£20.11 and £24.51).
  • 3Following the transfer, CRH holds 22,654,270 Ordinary Shares in Treasury.
  • 4The total number of Ordinary Shares currently in issue, excluding treasury shares, is 751,486,068.
  • 5The figure of 751,486,068 shares in issue is the denominator for shareholders to calculate notification requirements under transparency rules.
  • 6This filing is a re-issuance of treasury shares, not a new share issuance.

Frequently Asked Questions

The transaction involved the re-issuance of CRH's own shares held in treasury to participants of its employee share schemes. This is a common practice to fulfill equity awards granted to employees.

This transaction does not increase the total number of shares outstanding. It involves the transfer of shares already held by the company in its treasury to employees. The number of shares in issue, excluding treasury shares, remains 751,486,068.

The number of shares in issue (751,486,068) is crucial for shareholders to determine if their ownership stake meets or crosses the thresholds requiring them to notify CRH and regulatory bodies of their interest, as per transparency regulations.

No, this filing does not indicate new funding for the company or any dilution for existing shareholders. It is purely a transfer of existing shares from the company's treasury to its employees under existing share schemes.