8-K

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

Filed December 8, 2022For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on December 8, 2022, reporting a transaction involving its own shares. Specifically, on December 7, 2022, the company transferred 19,550 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at varying prices, including €16.19, £20.11, and £24.51 per share, reflecting the different currencies involved. This transaction has resulted in a slight reduction in the company's treasury shares, bringing the total held in treasury to 28,003,287. The number of ordinary shares outstanding, excluding treasury shares, is now 746,137,051. This disclosure is primarily administrative, detailing the company's management of its share capital and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc transferred 19,550 Ordinary Shares on December 7, 2022.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3Transaction prices included €16.19, £20.11, and £24.51 per Ordinary Share.
  • 4Following the transfer, CRH holds 28,003,287 Ordinary Shares in Treasury.
  • 5The number of Ordinary Shares in issue (excluding Treasury Shares) is 746,137,051.

Frequently Asked Questions

The primary purpose of this Form 6-K filing is to report a transaction involving CRH's own shares, specifically the re-issue of treasury shares to employees under its share schemes. It serves to update the market on CRH's share capital and treasury share holdings.

This transaction re-issues shares that were already held by the company in treasury. Therefore, it does not increase the total number of shares outstanding, but rather reduces the number of shares held in treasury and increases the number of shares held by employees.

The shares were issued at different prices denominated in Euros and Pounds Sterling likely due to the varying currencies of the employee share schemes and the prevailing market prices in those respective currencies at the time of the transaction on December 7, 2022.

Treasury shares are shares that a company has repurchased from the open market or, as in this case, shares that have been re-issued from treasury stock. These shares are no longer outstanding and do not carry voting rights or receive dividends. Companies hold them for various purposes, such as employee stock option plans, acquisitions, or future share buybacks.