8-K

CRH PUBLIC LTD CO 8-K Report (Mar 29, 2012)

Filed March 29, 2012For Securities:CRH

Summary

This 8-K filing from CRH Public Ltd Co. (CRH) on March 29, 2012, reports on a transaction involving the company's own shares. Specifically, CRH re-issued a portion of its treasury shares to participants in its employee share schemes. This action is part of CRH's ongoing share management and incentive programs for its employees. While the transaction itself is relatively small in the context of the total shares outstanding, it provides insight into the company's use of equity for employee compensation and retention. Investors should note the specific number of shares re-issued and the prices at which they were transferred, which were denominated in both Euros and Pounds Sterling, reflecting CRH's international operations. The filing also updates the number of ordinary shares held in treasury and the total number of ordinary shares in issue, excluding treasury shares. This information is important for understanding the company's capital structure and potential dilution.

Key Highlights

  • 1CRH plc re-issued 1,940 Ordinary Shares from its treasury.
  • 2The re-issuance was made to participants in employee share schemes.
  • 3Shares were transferred at two different prices: €11.8573 and £10.8564 per Ordinary Share, reflecting currency variations.
  • 4Following this transaction, CRH plc holds 8,450,920 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is now 719,446,986.

Frequently Asked Questions

The primary purpose of this 8-K filing is to report CRH plc's re-issuance of treasury shares to employees participating in its share schemes. It also provides updated figures on the company's treasury shares and outstanding shares.

Companies typically re-issue treasury shares to fulfill obligations related to employee stock options, restricted stock units, or other equity-based compensation plans. This is a common way to incentivize and retain employees.

The re-issuance of 1,940 shares is a very small number compared to the total outstanding shares of over 719 million. Therefore, this specific transaction is unlikely to have a material impact on the overall number of shares outstanding or potentially dilute existing shareholders significantly.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired or re-issued. They are not included in the calculation of earnings per share or voting rights but can be used for various corporate purposes, such as employee stock plans or future acquisitions.