8-K

CRH PUBLIC LTD CO 8-K Report (Oct 13, 2022)

Filed October 13, 2022For Securities:CRH

Summary

CRH plc has filed a Form 6-K to report a transaction involving its own shares. Specifically, on October 12, 2022, the company transferred 1,116 ordinary shares from its treasury to a participant in an employee share scheme at a price of €16.19 per share. This transaction is a re-issuance of treasury shares, a common practice for companies to manage employee compensation and incentives. Following this transfer, CRH plc's treasury share balance has been adjusted. The company now holds 23,843,402 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding those held in treasury, stands at 750,296,936. Investors should note that this type of transaction is generally not indicative of a significant change in the company's financial health or strategic direction, but rather a routine adjustment related to its share-based compensation plans.

Key Highlights

  • 1CRH plc reported a re-issuance of treasury shares on October 12, 2022.
  • 21,116 ordinary shares were transferred to an employee share scheme participant.
  • 3The transfer price was €16.19 per ordinary share.
  • 4Following the transaction, CRH plc holds 23,843,402 ordinary shares in treasury.
  • 5The total number of outstanding ordinary shares (excluding treasury shares) is 750,296,936.

Frequently Asked Questions

Re-issuing treasury shares is a standard corporate action, typically used to fulfill obligations under employee stock option plans, restricted stock units, or other employee share schemes. It allows the company to use its own shares for compensation without issuing new shares, which could dilute existing shareholders.

No, this filing specifically reports the *re-issuance* of shares that CRH already held in its treasury. It does not represent a new purchase or a large-scale sale of shares on the open market. The number of shares transferred (1,116) is very small relative to the total outstanding shares.

This transaction does not change the total number of issued shares. It reclassifies shares from 'treasury stock' (shares held by the company) to 'outstanding stock' (shares held by investors and employees). The total number of shares in issue remains the same, but the number held in treasury decreases, and the number of outstanding shares increases by the same amount.

A routine re-issuance of a small number of treasury shares for employee schemes typically has a negligible impact on the company's overall share price. The price of €16.19 reflects the value at the time of the transaction for compensation purposes.