Summary
CRH Public Limited Company (CRH) filed a Form 6-K on March 28, 2023, reporting a transaction involving its own shares. Specifically, the company transferred 744 ordinary shares from its treasury to participants in an employee share scheme on March 27, 2023. The transfer price was €16.19 per share. This transaction resulted in CRH holding 9,356,953 ordinary shares in treasury, with the total number of ordinary shares outstanding (excluding treasury shares) standing at 742,783,385. This filing is primarily an informational disclosure regarding share movements related to employee compensation and does not represent a significant change in the company's financial position or strategic direction for investors.
Key Highlights
- 1CRH transferred 744 ordinary shares to employees on March 27, 2023.
- 2The transaction price for these shares was €16.19 per share.
- 3The shares were transferred as part of an employee share scheme.
- 4Following the transfer, CRH holds 9,356,953 ordinary shares in treasury.
- 5The total number of outstanding ordinary shares (excluding treasury shares) is 742,783,385.
- 6This filing is a routine disclosure of treasury share re-issuance.
Frequently Asked Questions
The purpose of the transaction was to re-issue treasury shares to participants in CRH's employee share scheme, likely as part of their compensation or incentive programs.
This transaction reduces the number of shares held in treasury and increases the number of shares issued and outstanding for employees. The total number of outstanding ordinary shares (excluding treasury shares) is now 742,783,385.
This is a routine administrative transaction related to employee share schemes and treasury share management. It does not represent a major strategic change or a new issuance of shares to the public, so it is generally not considered a significant event for external investors.
The total value of the shares transferred is 744 shares * €16.19/share = €12,058.56.