Summary
CRH plc has filed a Form 6-K disclosing a transaction involving its own shares. On March 29, 2023, the company re-issued 2,976 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at a price of €16.19 per share. This transaction had a minimal impact on the company's overall share structure.
Key Highlights
- 1CRH plc re-issued 2,976 ordinary shares from treasury on March 29, 2023.
- 2The shares were transferred to participants in an employee share scheme.
- 3The re-issue price was €16.19 per ordinary share.
- 4Following this transaction, CRH plc now holds 9,388,564 ordinary shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 742,751,774.
- 6This is considered a routine transaction related to employee compensation plans.
Frequently Asked Questions
The transaction involved the re-issuance of treasury shares to participants in an employee share scheme, which is a common practice for compensation and incentive programs.
This transaction involved shares already held in treasury, so it does not affect the total number of shares outstanding from an external investor's perspective. The number of shares in issue (excluding treasury shares) remains the same for external reporting.
No, this is a relatively small and routine transaction concerning employee share schemes and the management of treasury shares. It is unlikely to have a material impact on the company's valuation or financial performance.
Treasury shares are shares that a company has repurchased from the open market. These shares are no longer outstanding and are held by the company itself. They can be re-issued later for various purposes, such as employee stock options or acquisitions.