Summary
CRH plc has filed a Form 6-K reporting a transaction involving its own shares on January 3, 2023. The company re-issued 1,376 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices of €24.24 and £31.04 respectively, reflecting market values at the time. This transaction has resulted in a slight reduction of CRH's treasury shareholding. Following the re-issuance, CRH now holds 7,404,767 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, remains substantial at 744,735,571. This filing primarily serves to update the market on the company's share capital structure in relation to its employee incentive programs.
Key Highlights
- 1CRH plc re-issued 1,376 ordinary shares from treasury on January 3, 2023.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3Transaction prices were €24.24 and £31.04 per Ordinary Share.
- 4Following the transaction, CRH holds 7,404,767 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares in issue (excluding Treasury Shares) is 744,735,571.
- 6This filing is an update related to CRH's share capital and employee benefit plans.
Frequently Asked Questions
The purpose of this transaction was to transfer treasury shares to participants in CRH's employee share schemes. This is a common practice for companies to fulfill obligations under their long-term incentive plans for employees.
This transaction slightly reduces the number of shares held in treasury, but it does not change the total number of ordinary shares outstanding. The shares were re-issued from treasury, meaning they were already part of the authorized share capital and were simply moved from the company's treasury account to employees.
These prices represent the value at which the treasury shares were transferred to employees, likely reflecting the market price of CRH shares on or around the transaction date. The currency difference indicates the shares may have been allocated under different regional or currency-denominated schemes.
Treasury shares are a company's own shares that it has reacquired but not canceled. These shares are held by the company and can be reissued later, used for employee stock options, or other corporate purposes, without affecting the company's authorized share capital.