8-K

CRH PUBLIC LTD CO 8-K Report (Mar 22, 2023)

Filed March 22, 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 21, 2023, the company transferred 5,952 Ordinary Shares from its treasury to participants in an employee share scheme. The shares were transferred at a price of €16.19 per share. This transaction is a routine event related to executive compensation and employee incentives, demonstrating a mechanism for rewarding employees with company stock. Following this transfer, CRH now holds 8,513,703 Ordinary Shares in treasury. The total number of ordinary shares outstanding, excluding those held in treasury, is 743,626,635. Investors should note that while this transaction impacts the treasury stock balance, it does not represent a change in the company's overall capital structure or a new issuance of equity to the public. The primary impact is on the number of shares held by employees through the share scheme.

Key Highlights

  • 1CRH transferred 5,952 Ordinary Shares from treasury to employees on March 21, 2023.
  • 2The transfer price for these shares was €16.19 per share.
  • 3This action is part of an employee share scheme.
  • 4Following the transaction, CRH holds 8,513,703 Ordinary Shares in treasury.
  • 5The total number of issued Ordinary Shares (excluding treasury shares) is now 743,626,635.

Frequently Asked Questions

The purpose of this transaction was to transfer shares to participants in CRH's employee share scheme. This is a common practice for companies to reward and incentivize employees through stock ownership.

This specific transaction re-issues shares from CRH's treasury. While it reduces the number of shares held in treasury and increases the shares held by employees, the total number of issued shares (excluding treasury shares) is the relevant figure for outstanding shares. The total number of shares in issue, excluding treasury shares, is 743,626,635 after this transaction.

The price of €16.19 per share reflects the value at which these treasury shares were transferred to employees under the scheme. This price is typically determined by a formula or valuation method defined within the employee share plan, often related to the market price around the time of the transfer or grant.

Generally, this type of transaction is routine and not a cause for concern. It represents the fulfillment of obligations under an employee incentive plan rather than a significant change in the company's financial position or strategy. Investors should focus on the overall number of shares outstanding and the company's underlying business performance.