8-K

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

Filed November 3, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On November 2, 2022, the company transferred 2,790 ordinary shares held in treasury to participants of an employee share scheme at a price of €16.19 per share. This transaction is relatively small in the context of the company's overall share structure and is related to employee compensation and incentive programs. Following this transfer, CRH now holds 25,402,752 ordinary shares in treasury. The total number of ordinary shares currently in issue, excluding these treasury shares, stands at 748,737,586. Investors should note that this event, while a standard corporate action for companies with employee share plans, does not represent a significant change in CRH's financial position or strategic direction, but rather a routine administrative adjustment.

Key Highlights

  • 1CRH plc transferred 2,790 ordinary shares from treasury to participants in an employee share scheme on November 2, 2022.
  • 2The price at which these shares were transferred was €16.19 per ordinary share.
  • 3This transaction is part of CRH's ongoing employee incentive and compensation programs.
  • 4Following the transfer, CRH holds 25,402,752 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is now 748,737,586.
  • 6The filing is made on a Form 6-K, indicating it's a report from a foreign private issuer.

Frequently Asked Questions

The purpose of this transaction was to transfer ordinary shares held in treasury to employees participating in an employee share scheme, as part of the company's employee compensation and incentive programs.

The transfer of 2,790 shares is a very small portion of CRH's total outstanding shares (over 748 million). Therefore, it is not significant in terms of impacting the overall share count or the company's financial structure.

Treasury shares are shares that a company has previously repurchased from the open market or received back through other means (like in this case, through share schemes) and holds them on its own books. These shares are not considered outstanding for voting or dividend purposes and can be reissued later, often for employee stock options or acquisitions.

No, this specific transaction of re-issuing treasury shares to employees does not directly impact the company's revenue, profitability, or overall financial performance. It is an administrative adjustment related to equity compensation.