8-K

CRH PUBLIC LTD CO 8-K Report (Oct 27, 2022)

Filed October 27, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On October 26, 2022, the company re-issued 1,860 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at a price of €16.19 per share. This transaction resulted in a slight decrease in CRH's treasury share balance to 24,866,208 ordinary shares. The number of outstanding shares, excluding treasury shares, is now reported as 749,274,130. This disclosure is primarily administrative, informing stakeholders about the movement of shares related to employee compensation and equity plans.

Key Highlights

  • 1CRH plc re-issued 1,860 ordinary shares on October 26, 2022.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The re-issue price was €16.19 per ordinary share.
  • 4Following the transaction, CRH holds 24,866,208 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 749,274,130.

Frequently Asked Questions

The shares were re-issued from CRH's treasury to participants in an employee share scheme. This is a common practice for companies to fulfill their obligations under equity-based compensation plans.

This transaction does not affect the total number of outstanding shares. It involves the transfer of shares already held by the company (in treasury) to employees, thus reducing the treasury share count but not changing the overall number of shares available to the public.

Treasury shares are shares that a company has repurchased from the open market or, as in this case, are shares that have been re-issued for employee schemes. They are not included in the calculation of earnings per share or outstanding shares for voting purposes until they are re-issued or retired.

This is a routine administrative disclosure related to employee compensation. It is not indicative of a major strategic shift or significant financial event for the company. The number of shares involved is relatively small compared to the total outstanding shares.