8-K

CRH PUBLIC LTD CO 8-K Report (Dec 1, 2022)

Filed December 1, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on November 30, 2022, to report a transaction involving its own shares. Specifically, the company transferred 930 Ordinary Shares to an employee share scheme participant at a price of €16.19 per share. This transaction, while small in absolute terms, has implications for the company's share count and voting rights calculations. Following this transfer, CRH's treasury share balance is now 27,352,646 Ordinary Shares. The number of outstanding ordinary shares, excluding those held in treasury, stands at 746,787,692. This latter figure is crucial for shareholders as it serves as the denominator for calculating notification requirements under relevant transparency regulations, ensuring compliance with interest and change-in-interest reporting obligations.

Key Highlights

  • 1CRH transferred 930 Ordinary Shares from treasury to an employee share scheme participant on November 30, 2022.
  • 2The transfer price for these shares was €16.19 per Ordinary Share.
  • 3Following the transaction, CRH holds 27,352,646 Ordinary Shares in Treasury.
  • 4The total number of Ordinary Shares in issue, excluding Treasury Shares, is now 746,787,692.
  • 5The updated number of outstanding shares (746,787,692) is the denominator for shareholder notification obligations under transparency rules.
  • 6This filing is a standard report of share transactions and voting rights updates.

Frequently Asked Questions

The transaction involved the re-issuance of treasury shares to a participant in an employee share scheme, which is a common practice for employee compensation and incentive programs.

The transaction slightly reduces the number of shares held in treasury and keeps the total number of shares in issue (excluding treasury shares) at 746,787,692. The number of outstanding shares available for trading remains unchanged from the perspective of the total shares not held in treasury.

This figure is the denominator that shareholders use to determine if their holdings, or changes to their holdings, cross certain notification thresholds under the Transparency (Directive 2004/109/EC) Regulations 2007 and related Transparency Rules. It ensures investors can correctly calculate their reporting obligations.

No, this is a routine disclosure of a small share transfer related to employee share schemes. It does not represent a significant change in CRH's financial position or overall share structure.