CRH Re-issues 2,780 Treasury Shares to Employees on Jan 3
Ticker: CRH · Form: 6-K · Filed: Jan 4, 2024 · CIK: 849395
| Field | Detail |
|---|---|
| Company | Crh Public LTD CO (CRH) |
| Form Type | 6-K |
| Filed Date | Jan 4, 2024 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 1 min |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: treasury-shares, employee-compensation, share-reissue
TL;DR
**CRH re-issued 2,780 treasury shares to employees, a small, non-dilutive move.**
AI Summary
On January 3, 2024, CRH plc re-issued 2,780 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €23.39 to £31.04 per share. Following this transaction, CRH plc now holds 41,202,710 Ordinary Shares in Treasury, with 693,221,388 Ordinary Shares in issue (excluding treasury shares). This matters to investors because it indicates the company is utilizing its treasury shares for employee compensation, which can be a non-dilutive way to reward staff and align their interests with shareholders.
Why It Matters
This filing shows CRH is using existing shares to compensate employees, which is a common practice that can motivate staff without immediately diluting current shareholders through new share issuance.
Risk Assessment
Risk Level: low — The transaction involves a very small number of shares relative to the total outstanding, posing minimal risk to existing shareholders.
Analyst Insight
An investor should note that this is a routine operational event for employee compensation and does not signal a major shift in company strategy or financial health. It's a minor, non-dilutive use of existing shares.
Key Numbers
- 2,780 — Ordinary Shares transferred (number of shares re-issued to employee share schemes)
- €23.39 — Share price (Euro) (one of the prices at which shares were transferred)
- £25.55 - £31.04 — Share price (Pound Sterling) (the range of prices at which shares were transferred)
- 41,202,710 — Treasury Shares held (total shares held by CRH plc in treasury after the transaction)
- 693,221,388 — Ordinary Shares in issue (total shares outstanding excluding treasury shares)
Key Players & Entities
- CRH plc (company) — the registrant re-issuing shares
- Diarmuid Enright (person) — Assistant Company Secretary and contact person
- 2,780 (dollar_amount) — number of Ordinary Shares transferred
- €23.39 (dollar_amount) — price per Ordinary Share for some transfers
- £25.55 and £31.04 (dollar_amount) — price range per Ordinary Share for other transfers
- 41,202,710 (dollar_amount) — number of Ordinary Shares held in Treasury after the transaction
- 693,221,388 (dollar_amount) — number of Ordinary Shares in issue (excluding Treasury Shares)
- January 3, 2024 (dollar_amount) — date of the share transfer
Forward-Looking Statements
- CRH will continue to use treasury shares for employee compensation in the future. (CRH plc) — medium confidence, target: 2024-12-31
FAQ
What was the specific date of the share transaction reported by CRH plc?
The transaction in own shares by CRH plc occurred on January 3, 2024, as stated in the filing.
How many Ordinary Shares did CRH plc transfer to its employee share schemes?
CRH plc transferred 2,780 Ordinary Shares to participants in its employee share schemes on January 3, 2024.
What were the prices at which the Ordinary Shares were transferred to employees?
The Ordinary Shares were transferred at a price of €23.39 and at prices between £25.55 and £31.04 per Ordinary Share.
How many Ordinary Shares does CRH plc hold in Treasury after this transaction?
Following this transaction, CRH plc holds 41,202,710 Ordinary Shares in Treasury.
What is the total number of Ordinary Shares in issue (excluding Treasury Shares) for CRH plc after this event?
The number of Ordinary Shares in issue (excluding Treasury Shares) for CRH plc is 693,221,388 after the reported transaction.
Filing Stats: 328 words · 1 min read · ~1 pages · Grade level 15.8 · Accepted 2024-01-04 09:50:15
Filing Documents
- a5700y.htm (6-K) — 20KB
- 0001654954-24-000167.txt ( ) — 21KB
From the Filing
IN OWN SHARES a5700y   UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549       FORM 6-K     REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A - 16 OR 15D - 16 OF THE SECURITIES EXCHANGE ACT OF 1934     03 January 2024 Commission File No. 001-32846   ____________________________ CRH public limited company (Translation of registrant's name into English)     ____________________________     Belgard Castle, Clondalkin, Dublin 22, Ireland. (Address of principal executive offices) ____________________________   Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:   Form 20-F X Form 40-F___     Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): _________     Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):________             Enclosure: Transaction in Own Shares   3 rd  January 2024     RE-ISSUE OF TREASURY SHARES   CRH plc announces that today, 3 rd  January 2024, it transferred to participants in its   employee share schemes   2,780 Ordinary Shares at a price of €23.39, and at prices between £25.55 and £31.04, per Ordinary Share.   Following the above transaction, CRH plc holds 41,202,710 Ordinary Shares in Treasury. The number of Ordinary Shares in issue (excluding Treasury Shares) is 693,221,388.     Contact Diarmuid Enright Assistant Company Secretary Tel:  003531 6344340   ___                                                  SIGNATURE           Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.     CRH public limited company     (Registrant )       Date 03 January 2024       By:___/s/Neil Colgan___     N.Colgan     Company Secretary