8-K

CRH PUBLIC LTD CO 8-K Report (Jun 28, 2023)

Filed June 28, 2023For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On June 27, 2023, the company re-issued 11,850 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from £20.11 to £31.04 per share. This transaction impacts CRH's treasury stock and outstanding share count. Following the re-issuance, CRH now holds 23,074,877 ordinary shares in treasury, and the total number of ordinary shares in issue, excluding treasury shares, stands at 729,065,461. This filing is primarily for disclosure purposes related to the company's share management and employee incentive programs.

Key Highlights

  • 1CRH re-issued 11,850 ordinary shares on June 27, 2023.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3The re-issuance was from treasury shares.
  • 4Transaction prices for the shares ranged from £20.11 to £31.04 per ordinary share.
  • 5Following the transaction, CRH holds 23,074,877 ordinary shares in treasury.
  • 6The number of ordinary shares currently in issue (excluding treasury shares) is 729,065,461.

Frequently Asked Questions

This transaction primarily relates to CRH's employee share schemes. The re-issuance of treasury shares is a common practice for companies to fulfill obligations under such incentive plans. It does not represent a new issuance of shares to the public market or a change in the company's overall capital structure beyond the slight adjustment in outstanding shares.

The re-issuance of 11,850 treasury shares reduces the number of shares held in treasury and slightly increases the number of shares in issue (excluding treasury shares). The number of outstanding shares for voting and dividend purposes will increase by this amount.

Treasury shares are a company's own shares that it has repurchased from the open market but has not yet cancelled. These shares are held by the company and can be re-issued for various purposes, such as employee stock options, acquisitions, or stock splits, without affecting the number of shares authorized.

No, this transaction is not indicative of a buyback program or a capital raise. It is a re-issuance of existing shares from the company's treasury to fulfill obligations under its employee share schemes.