8-K

CRH PUBLIC LTD CO 8-K Report (Jan 4, 2024)

Filed January 4, 2024For Securities:CRH

Summary

CRH plc has filed a Form 6-K reporting a transaction involving its own shares on January 3, 2024. The company re-issued 2,780 ordinary shares from its treasury stock to participants in its employee share schemes. These shares were transferred at various prices, with the Euro-denominated shares priced at €23.39 and Sterling-denominated shares ranging between £25.55 and £31.04. This transaction results in CRH plc holding 41,202,710 ordinary shares in treasury, with the total number of outstanding ordinary shares (excluding treasury shares) now standing at 693,221,388. This is a routine event related to employee compensation and does not represent a significant change in the company's overall financial position or strategic direction, but it does provide insight into the mechanics of their share-based incentive programs.

Key Highlights

  • 1CRH plc re-issued 2,780 ordinary shares from treasury on January 3, 2024.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Prices for the re-issued shares varied by currency: €23.39 for Euro shares and £25.55 - £31.04 for Sterling shares.
  • 4Following the transaction, CRH plc holds 41,202,710 ordinary shares in treasury.
  • 5The number of outstanding ordinary shares (excluding treasury) is now 693,221,388.

Frequently Asked Questions

The transaction involves the re-issuance of treasury shares to employees participating in CRH's share schemes, typically as part of their compensation and incentive programs.

This transaction reduces the number of shares held in treasury and effectively re-issues them into circulation for employees. The total number of outstanding shares (excluding treasury shares) is now 693,221,388.

The prices at which treasury shares are transferred to employees are typically set based on pre-determined formulas or valuations related to the employee share schemes, and may not directly reflect the current market trading price of CRH shares. They are primarily an internal accounting or grant value.

Generally, routine transactions of re-issuing treasury shares for employee compensation are not considered material in the context of a company's overall financial performance or strategic outlook. This filing provides transparency on the company's share-based compensation practices.