8-K

CRH PUBLIC LTD CO 8-K Report (Jun 15, 2023)

Filed June 15, 2023For Securities:CRH

Summary

CRH plc (CRH) has filed a Form 6-K detailing a transaction involving its own shares. On June 14, 2023, the company transferred 28,966 ordinary shares from its treasury to participants in an employee share scheme at a price of £20.83 per share. This transaction is significant as it impacts the number of outstanding shares and treasury shares held by the company. Following this transfer, CRH now holds 21,604,061 ordinary shares in treasury, and the total number of ordinary shares in issue (excluding treasury shares) stands at 730,536,277. This disclosure is important for investors to understand the company's capital structure and the potential impact on share count and earnings per share calculations. The transaction itself is routine for companies with employee share schemes.

Key Highlights

  • 1CRH plc transferred 28,966 ordinary shares on June 14, 2023.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The transaction price was £20.83 per ordinary share.
  • 4Following the transfer, CRH holds 21,604,061 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is now 730,536,277.

Frequently Asked Questions

The shares were transferred to participants in an employee share scheme as part of CRH's ongoing compensation and incentive programs for its employees.

This specific transaction involved the re-issue of shares from treasury. While the total number of shares *in issue* (excluding treasury shares) changed from a previous state to 730,536,277, the number of shares held in treasury decreased. This is a reallocation of existing shares rather than the issuance of new shares from scratch.

This is a relatively small transaction involving existing shares re-issued from treasury. It is unlikely to have a material short-term impact on CRH's share price or market capitalization. Such transactions are common and generally factored into the normal course of business.

Treasury shares are shares that a company has repurchased from the open market or previously issued shares that are held by the company itself. They are not considered outstanding shares for voting or dividend purposes and can be re-issued or canceled.