8-K

CRH PUBLIC LTD CO 8-K Report (May 17, 2012)

Filed May 17, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on May 17, 2012, to report a transaction involving its own shares. Specifically, the company announced that on May 16, 2012, it re-issued 11,090 ordinary shares from its treasury to a participant in an employee share scheme. These shares were transferred at a price of €11.8573 per share. This transaction had a minimal impact on CRH's total outstanding shares. Following the re-issuance, CRH now holds 8,433,685 ordinary shares in treasury. The total number of ordinary shares in issue, excluding those held in treasury, stands at 722,117,589. This disclosure is primarily administrative and provides transparency regarding the company's share capital management and its employee incentive programs.

Key Highlights

  • 1CRH Public Limited Company (CRH) reported a transaction involving treasury shares via a Form 6-K filing on May 17, 2012.
  • 2On May 16, 2012, CRH re-issued 11,090 ordinary shares from its treasury.
  • 3The shares were transferred to a participant in an employee share scheme.
  • 4The re-issuance price for these shares was €11.8573 per ordinary share.
  • 5Following the transaction, CRH holds 8,433,685 ordinary shares in treasury.
  • 6The total number of ordinary shares currently in issue (excluding treasury shares) is 722,117,589.

Frequently Asked Questions

This is a Form 6-K filing, which is a Report of Foreign Private Issuer. Its main purpose is to report a specific event or transaction that the company is required to disclose under its home country's reporting requirements or that it voluntarily chooses to report to the SEC. In this case, it's to report the re-issuance of treasury shares.

CRH plc re-issued 11,090 of its own ordinary shares from its treasury stock. These shares were transferred to an employee participating in one of the company's share schemes at a price of €11.8573 per share.

This transaction involves moving shares from treasury (which are not outstanding) back into circulation for employee compensation. The total number of issued shares (excluding treasury) changes slightly, from whatever it was before this transaction to 722,117,589 after this transaction. The number of treasury shares held by CRH also decreased by 11,090 to 8,433,685.

Generally, this type of transaction is routine for companies with employee share schemes. While it impacts the share count, the number of shares re-issued is very small relative to the total shares outstanding, so it's unlikely to have a material impact on the company's valuation or stock price. It mainly serves as an update on share capital management and employee incentive programs.