8-K

CRH PUBLIC LTD CO 8-K Report (Mar 5, 2012)

Filed March 5, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K, reporting a transaction involving its own shares. On March 1, 2012, the company transferred 47,813 ordinary shares to the Trustees of an employee share participation scheme at a price of €15.79 per share. This transaction impacts the company's treasury stock and outstanding share count. This filing is important for investors to note as it directly affects the number of shares held in treasury and the total number of ordinary shares in issue, excluding treasury shares. The change in these figures can have implications for earnings per share calculations and overall shareholding structures. Investors should monitor these disclosures to understand CRH's approach to employee share schemes and its capital management.

Key Highlights

  • 1CRH plc transferred 47,813 ordinary shares to employee share scheme trustees.
  • 2The transaction date was March 1, 2012.
  • 3The transfer price was €15.79 per ordinary share.
  • 4Following the transaction, CRH plc holds 8,612,560 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is now 719,285,346.

Frequently Asked Questions

The shares were transferred to the Trustees of an employee share participation scheme, indicating an allocation of shares to employees under a company-sponsored plan.

The transfer reduces the number of shares held in treasury by 47,813, and while the total issued shares remain the same, the number of shares in issue *excluding* treasury shares increases by that amount. This impacts potential metrics like EPS.

Treasury shares are shares that a company has repurchased or acquired but has not yet retired or reissued. They are not considered outstanding for voting or dividend purposes and are subtracted when calculating metrics like earnings per share.

This transaction is neither a buyback nor the issuance of new shares. It's a transfer of existing treasury shares to employees as part of a share participation scheme.