8-K

CRH PUBLIC LTD CO 8-K Report (Mar 9, 2023)

Filed March 9, 2023For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K reporting a transaction involving its own shares. On March 7, 2023, the company transferred 5,952 Ordinary Shares from its treasury to participants in an employee share scheme. The price per share for this transfer was €16.19. This transaction slightly reduces CRH's treasury share balance and outstanding share count, though the impact on overall financials is minor given the scale of the company. Investors should note this as a routine action related to employee compensation and incentive programs. The company continues to manage its share capital effectively as part of its ongoing operations.

Key Highlights

  • 1CRH plc announced the re-issuance of treasury shares on March 8, 2023.
  • 2The transaction occurred on March 7, 2023.
  • 35,952 Ordinary Shares were transferred from treasury.
  • 4The shares were transferred to participants in an employee share scheme.
  • 5The price per share for this transaction was €16.19.
  • 6Following the transaction, CRH plc holds 9,819,644 Ordinary Shares in Treasury.
  • 7The number of Ordinary Shares in issue (excluding Treasury Shares) is now 742,320,694.

Frequently Asked Questions

The shares were transferred from CRH's treasury to participants in an employee share scheme. This is a common practice for companies to fulfill obligations related to employee compensation and long-term incentives.

The transaction reduced the number of treasury shares held by CRH by 5,952. Consequently, the total number of issued ordinary shares, excluding treasury shares, also decreased by the same amount.

Given the relatively small number of shares transferred (5,952) compared to the total number of shares outstanding (over 742 million), this transaction is not expected to have a material impact on CRH's overall financial performance or valuation. It is a routine operational event.

The price of €16.19 per share is likely determined by the terms of the employee share scheme, which could be based on a set value, a discount to market price, or another pre-defined mechanism. It reflects the value at which these shares were allocated to employees.