8-K

CRH PUBLIC LTD CO 8-K Report (Mar 15, 2023)

Filed March 15, 2023For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on March 15, 2023, reporting a transaction involving its own shares. The company announced the re-issue of treasury shares, specifically transferring 2,976 Ordinary Shares to participants in an employee share scheme on March 14, 2023. These shares were transferred at a price of €16.19 per share. This transaction has a minimal impact on the total outstanding shares but is a routine administrative event related to employee compensation. Following this re-issue, CRH now holds 7,507,801 Ordinary Shares in treasury. The total number of Ordinary Shares currently in issue, excluding these treasury shares, stands at 744,632,537. Investors should note that this is a standard practice for many publicly traded companies to manage employee stock option plans and other equity-based incentives.

Key Highlights

  • 1CRH plc re-issued 2,976 Ordinary Shares from its treasury on March 14, 2023.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The transaction price for these shares was €16.19 per Ordinary Share.
  • 4Following the transaction, CRH holds 7,507,801 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares outstanding (excluding treasury shares) is 744,632,537.
  • 6This filing is a routine Form 6-K reporting a transaction in own shares, not indicative of major corporate changes.
  • 7The transaction represents a small portion of CRH's total share count.

Frequently Asked Questions

The main purpose of this Form 6-K filing is to report a transaction in CRH's own shares, specifically the re-issuance of treasury shares to employees participating in an employee share scheme. This is a standard disclosure requirement.

The transaction involves re-issuing shares from treasury, meaning these shares were already issued previously and held by the company. Therefore, this specific re-issuance does not change the total number of shares outstanding; it only adjusts the number of shares held in treasury and the number of shares available for public trading.

The price of €16.19 per share represents the value at which the treasury shares were transferred to employees under the share scheme. For investors, this price is primarily relevant in the context of employee compensation and equity incentive plans, rather than reflecting a market buyback or sale of significant company assets.

Treasury shares are shares that a company has repurchased from the open market or has acquired through other means, and which are no longer outstanding. Companies typically hold treasury shares to fulfill employee stock options, for acquisitions, or to potentially reissue them later. Holding shares in treasury reduces the number of shares available in the public market.