8-K

CRH PUBLIC LTD CO 8-K Report (Mar 6, 2023)

Filed March 6, 2023For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K reporting a transaction involving its own shares. On March 3, 2023, the company re-issued 43,901 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at varying prices denominated in Euros and Pounds Sterling, reflecting market values at the time of the transaction. This action is a standard practice for companies managing equity compensation and incentivizing employees through stock-based plans.

Key Highlights

  • 1CRH plc re-issued 43,901 ordinary shares on March 3, 2023.
  • 2The shares were transferred to participants in the company's employee share schemes.
  • 3Transaction involved re-issuance of shares held in treasury.
  • 4Share prices varied, with prices in Euros (€16.19 and €24.24) and Pounds Sterling (£25.55 and £31.04).
  • 5Following the transaction, CRH holds 9,518,848 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue (excluding treasury shares) is now 742,621,490.

Frequently Asked Questions

This filing (Form 6-K) reports a specific transaction: the re-issuance of treasury shares to employees under share schemes. It's a disclosure of corporate actions related to the company's own stock.

These were not new shares. CRH re-issued shares that were previously held in its treasury. Treasury shares are company stock that has been repurchased by the company or was previously unissued.

The different prices in Euros and Pounds Sterling reflect the market value of CRH's ordinary shares at the time of the transfer on March 3, 2023, likely based on the prevailing exchange rates and stock exchange prices for those currencies. This ensures employees receive shares valued according to market conditions.

This specific transaction decreases the number of shares held in treasury but does not change the total number of ordinary shares outstanding (which includes treasury shares). The filing clarifies that the number of shares *in issue (excluding Treasury Shares)* is 742,621,490, indicating this is the float available to the public.