Summary
CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On May 22, 2023, the company re-issued 918 ordinary shares at a price of €46.15 per share. This re-issuance was specifically to satisfy the vesting and release of awards under the CRH 2014 Performance Share Plan. This transaction is relatively small in the context of CRH's overall share capital. Following this re-issuance, CRH now holds 17,768,724 ordinary shares in treasury. The total number of ordinary shares in issue, excluding treasury shares, stands at 734,371,614. Investors should note that this is a standard share-based compensation mechanism and not indicative of a significant strategic move or financial distress.
Key Highlights
- 1CRH re-issued 918 ordinary shares on May 22, 2023.
- 2The re-issuance price was €46.15 per ordinary share.
- 3These shares were used to satisfy awards under the CRH 2014 Performance Share Plan.
- 4Following the transaction, CRH holds 17,768,724 ordinary shares in treasury.
- 5The total number of outstanding ordinary shares (excluding treasury) is 734,371,614.
Frequently Asked Questions
The shares were re-issued to fulfill obligations related to the vesting and release of awards granted under the CRH 2014 Performance Share Plan, which is a common employee incentive program.
No, the re-issuance of 918 shares is a very small number relative to CRH's total outstanding shares (over 734 million). This type of transaction is routine for companies managing employee stock plans.
After this transaction, CRH holds 17,768,724 ordinary shares in its treasury.
Excluding treasury shares, the total number of CRH ordinary shares in issue is 734,371,614.