8-K

CRH PUBLIC LTD CO 8-K Report (Nov 2, 2022)

Filed November 2, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on November 2, 2022, reporting a transaction involving its own shares. On November 1, 2022, the company transferred 27,366 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at varying prices, denominated in both Euros (€24.24 and €27.86) and Pounds Sterling (£20.11 to £31.04), reflecting market conditions or specific scheme provisions at the time of the transaction. This re-issuance of treasury shares has a minor impact on CRH's outstanding share count. Following this transaction, CRH now holds 25,118,450 Ordinary Shares in treasury, with the number of shares currently in issue (excluding treasury shares) standing at 749,021,888. Investors should note that this type of transaction is common for companies to manage employee compensation and long-term incentive plans.

Key Highlights

  • 1CRH announced the re-issuance of treasury shares on November 1, 2022.
  • 2A total of 27,366 Ordinary Shares were transferred.
  • 3These shares were allocated to participants in CRH's employee share schemes.
  • 4Share prices varied, with transfers occurring at prices of €24.24 and €27.86 per share in Euros.
  • 5Share prices also varied between £20.11 and £31.04 per share in Pounds Sterling.
  • 6Following the transaction, CRH holds 25,118,450 Ordinary Shares in treasury.
  • 7The number of Ordinary Shares in issue, excluding treasury shares, is 749,021,888.

Frequently Asked Questions

The primary event reported is the re-issuance of treasury shares by CRH. Specifically, the company transferred 27,366 Ordinary Shares from its treasury to employees participating in its share schemes on November 1, 2022.

Treasury shares are shares that a company has repurchased from the open market or has been issued and later reacquired. Companies can hold these shares and re-issue them for various purposes, such as employee stock options, acquisitions, or to reduce the number of outstanding shares. In this case, CRH re-issued them to employee share scheme participants.

This transaction reduces the number of shares held in treasury and increases the number of shares in general circulation by the same amount (27,366 shares). The total number of shares in issue, excluding treasury shares, is now 749,021,888. The number of treasury shares held by CRH is now 25,118,450.

The variation in prices, both within the Euro and Pound Sterling ranges, and across the two currencies, is likely due to a combination of factors. This could include the specific vesting schedules or exercise prices of different employee share awards, the prevailing market prices on the day of transfer for shares denominated in different currencies, or the currency in which the respective employee share schemes operate.