Summary
CRH Public Limited Company (CRH) filed a Form 6-K on November 24, 2022, to report a transaction involving its own shares. The company announced that on November 23, 2022, it transferred 4,836 Ordinary Shares at a price of €16.19 per share to a participant in an employee share scheme. This transaction is routine and relates to the administration of employee share-based compensation plans. As a result of this transfer, CRH's treasury share balance has been updated. The company now holds 26,742,169 Ordinary Shares in Treasury, and the number of Ordinary Shares outstanding (excluding treasury shares) stands at 747,398,169. This update is primarily an administrative disclosure and does not represent a significant strategic shift for CRH.
Key Highlights
- 1CRH plc reported a transaction involving its own shares on November 24, 2022.
- 2On November 23, 2022, CRH transferred 4,836 Ordinary Shares to an employee share scheme participant.
- 3The transfer price was €16.19 per Ordinary Share.
- 4This transaction is related to CRH's employee share schemes.
- 5Following the transaction, CRH holds 26,742,169 Ordinary Shares in Treasury.
- 6The total number of Ordinary Shares in issue, excluding treasury shares, is 747,398,169.
Frequently Asked Questions
The primary purpose of this transaction was to fulfill obligations under CRH's employee share schemes. Shares were transferred to a participant as part of their compensation or incentive plan.
This transaction involved the re-issuance of treasury shares, meaning shares that CRH previously held. It is not an issuance of new shares or a new share buyback program.
The number of outstanding shares (excluding treasury shares) remains 747,398,169. The transaction only changed the composition between treasury shares and shares held by employees.
The price of €16.19 per share is the value at which the treasury shares were transferred to the employee. It reflects the prevailing market conditions or the terms of the specific employee share scheme at the time of the transfer.