8-K

CRH PUBLIC LTD CO 8-K Report (Mar 24, 2023)

Filed March 24, 2023For Securities:CRH

Summary

CRH plc filed an 8-K (via Form 6-K) on March 24, 2023, to report a transaction involving its own shares. Specifically, the company announced that on March 23, 2023, it transferred 3,906 ordinary shares from its treasury to participants in an employee share scheme. This transaction was executed at a price of €16.19 per share. This filing is primarily an administrative update regarding share movements and does not represent a new strategic initiative or a material financial event. Investors should note that the re-issuance of treasury shares for employee schemes is a common practice and generally does not have a significant impact on the company's overall financial health or valuation. The company also provided updated figures for its treasury shares and outstanding shares following this transaction.

Key Highlights

  • 1CRH plc reported the re-issuance of 3,906 treasury shares on March 23, 2023.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The transaction price was €16.19 per ordinary share.
  • 4Following the transaction, CRH plc holds 8,899,557 ordinary shares in treasury.
  • 5The total number of outstanding ordinary shares (excluding treasury shares) is now 743,240,781.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to employees under an incentive scheme.

Generally, the re-issuance of treasury shares for employee compensation is a routine administrative activity and is not expected to have a significant direct impact on CRH's overall financial performance or valuation. It primarily relates to share capital management.

The shares were transferred at a price of €16.19 per ordinary share.

After this transaction, CRH plc holds 8,899,557 ordinary shares in treasury. The number of ordinary shares in issue, excluding treasury shares, is 743,240,781.