8-K

CRH PUBLIC LTD CO 8-K Report (Feb 8, 2023)

Filed February 8, 2023For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K, which is a report of foreign private issuers. The primary purpose of this filing is to announce a transaction involving the company's own shares. Specifically, CRH reported the re-issue of treasury shares to participants in its employee share schemes. This action involved the transfer of 6,836 Ordinary Shares at various price points in Euros and Pounds Sterling. This transaction has resulted in a change to CRH's treasury share balance. Following the re-issue, the company now holds 7,857,629 Ordinary Shares in Treasury. The total number of Ordinary Shares in issue, excluding these treasury shares, stands at 744,282,709. This disclosure is important for understanding the company's current share structure and its ongoing equity-based compensation programs.

Key Highlights

  • 1CRH plc re-issued 6,836 Ordinary Shares from its treasury to employees participating in share schemes.
  • 2The shares were transferred on February 7, 2023.
  • 3Transaction prices varied by currency: €24.24 and €27.86 for Euro-denominated shares, and £25.55 and £31.04 for Pound Sterling-denominated shares.
  • 4Following this transaction, CRH now holds 7,857,629 Ordinary Shares in treasury.
  • 5The total number of Ordinary Shares outstanding (excluding treasury shares) is 744,282,709.
  • 6This filing is a Form 6-K, reporting foreign private issuer information.

Frequently Asked Questions

Re-issuing treasury shares is typically done to fulfill obligations related to employee stock options, restricted stock units, or other equity-based compensation plans. It allows the company to grant shares to employees without issuing new shares, which can help manage dilution.

The number of shares outstanding (excluding treasury shares) remains 744,282,709. The re-issuance of treasury shares does not change the total number of shares outstanding, but rather moves shares from the company's treasury to be held by employees.

Treasury shares are a company's own shares that it has repurchased from the open market but has not yet retired or cancelled. These shares are no longer considered outstanding for voting or dividend purposes but can be reissued later for various corporate purposes, such as employee compensation or acquisitions.

CRH is an Irish company, making it a 'foreign private issuer' under SEC regulations. Foreign private issuers use Form 6-K to report material information that they make public in their home country or other jurisdictions, or that is required to be filed under the laws of their home country. Form 8-K is generally used by domestic U.S. registrants.