8-K

CRH PUBLIC LTD CO 8-K Report (Oct 6, 2022)

Filed October 6, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on October 6, 2022, reporting a transaction involving its own shares. The company transferred 1,674 ordinary shares from treasury to participants in an employee share scheme at a price of €16.19 per share on October 5, 2022. This transaction is part of CRH's ongoing management of its share capital, specifically related to employee compensation and incentives. Following this transfer, CRH now holds 22,866,466 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, stands at 751,273,872. Investors should note that this is a routine transaction related to employee share schemes and does not represent a significant change in the company's overall financial position or strategic direction.

Key Highlights

  • 1CRH transferred 1,674 ordinary shares from treasury on October 5, 2022.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The transaction price was €16.19 per ordinary share.
  • 4Following the transaction, CRH holds 22,866,466 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 751,273,872.

Frequently Asked Questions

The primary purpose of this transaction was to transfer treasury shares to employees participating in an employee share scheme, likely as part of their compensation or long-term incentive awards.

This transaction involves the re-issue of shares already held in treasury. Therefore, it does not change the total number of issued shares. It reduces the number of shares held in treasury and slightly adjusts the number of shares considered 'in issue' for other purposes, as treasury shares are not typically counted as outstanding for voting or dividend purposes.

Generally, this type of transaction is considered routine for companies with employee share schemes. It's a normal part of managing share capital for employee incentives and is unlikely to have a material impact on the company's valuation or financial performance.

Treasury shares are shares that a company has repurchased from the open market or received through other means (like share-based compensation). These shares are held by the company itself and are not considered outstanding. They can be re-issued later for various corporate purposes, such as employee stock options, acquisitions, or stock dividends.