8-K

CRH PUBLIC LTD CO 8-K Report (Mar 13, 2023)

Filed March 13, 2023For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On March 10, 2023, the company transferred 2,418 ordinary shares from its treasury to participants in an employee share scheme. The transfer price was €16.19 per share. This action is a routine adjustment to its treasury stock and issued share count. Following this transaction, CRH now holds 7,310,777 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, is now 744,829,561. This information is primarily of interest to investors tracking share dilution, employee incentive programs, and the company's capital structure.

Key Highlights

  • 1CRH plc announced the re-issuance of treasury shares on March 10, 2023.
  • 22,418 ordinary shares were transferred to participants in an employee share scheme.
  • 3The price of the transferred shares was €16.19 per ordinary share.
  • 4This transaction involved re-issuing shares held in treasury, not issuing new shares.
  • 5Post-transaction, CRH holds 7,310,777 ordinary shares in treasury.
  • 6The number of ordinary shares in issue (excluding treasury shares) is now 744,829,561.

Frequently Asked Questions

The transaction involved re-issuing shares from CRH's treasury to fulfill obligations under an employee share scheme. This is a common practice for companies to incentivize employees and manage their share capital.

This specific transaction re-issues shares already held by the company in treasury. Therefore, it does not result in the creation of new shares and is not dilutive in the way a new share issuance would be. The total number of shares outstanding is adjusted, but no new capital is raised from external sources.

Treasury shares are shares that a company has repurchased from the open market or, as in this case, are shares that have not been issued. They do not carry voting rights and do not receive dividends. CRH holding these shares allows flexibility for employee share plans, acquisitions, or other corporate purposes.

After the transfer of 2,418 treasury shares, CRH plc has 744,829,561 ordinary shares in issue, excluding the 7,310,777 ordinary shares held in treasury.