8-K

CRH PUBLIC LTD CO 8-K Report (Dec 6, 2023)

Filed December 6, 2023For Securities:CRH

Summary

CRH plc, a global diversified building materials business, has filed a Form 6-K detailing a recent transaction involving its own shares. On December 6, 2023, the company transferred 179 Ordinary Shares from its treasury to a participant in an employee share scheme at a price of £20.11 per share. This transaction is relatively small in the context of CRH's overall share structure, indicating a routine adjustment rather than a significant strategic move. Following this transfer, CRH plc's treasury share balance is reported at 41,205,490 Ordinary Shares. The number of outstanding ordinary shares, excluding treasury shares, stands at 696,570,072. Investors should note that while share transactions, particularly those related to employee schemes, are common, the specific details like price and volume can provide subtle insights into the company's internal equity management and valuation perceptions.

Key Highlights

  • 1CRH plc reported a transaction involving its own shares on December 6, 2023.
  • 2179 Ordinary Shares were transferred from treasury to an employee share scheme participant.
  • 3The transfer price was £20.11 per Ordinary Share.
  • 4Following the transaction, CRH holds 41,205,490 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is 696,570,072.
  • 6This filing is made on a Form 6-K, typical for foreign private issuers reporting material information.
  • 7The transaction appears to be a routine adjustment related to employee compensation rather than a significant corporate event.

Frequently Asked Questions

The transaction involved the re-issue of treasury shares to a participant in an employee share scheme. This is a common practice for companies to fulfill obligations related to employee compensation and long-term incentives.

The transfer of 179 Ordinary Shares is a very small amount relative to CRH's total outstanding shares (over 696 million excluding treasury shares). This suggests it is a routine operational transaction and not a major event impacting the company's overall financial structure or valuation.

The transfer of shares from treasury to an employee scheme does not change the total number of issued shares. It reduces the number of shares held in treasury and increases the number of shares held by external parties (in this case, an employee). The number of ordinary shares in issue, excluding treasury shares, remains 696,570,072.

CRH plc is an Irish company and a foreign private issuer in the U.S. Form 6-K is used by foreign private issuers to report information that they have made or are required to make public pursuant to the laws of their home country, or that they have filed or are required to file with any stock exchange, or that they have distributed or are required to distribute to their security holders.