8-K

CRH PUBLIC LTD CO 8-K Report (Jun 15, 2012)

Filed June 15, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 14, 2012, disclosing a transaction involving its own shares. The company announced on June 14, 2012, that on June 13, 2012, it had transferred 10,259 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at specified prices of €11.8573 and £11.36 per share, reflecting the currency of the respective transactions and potentially different scheme components. This disclosure is relevant to investors as it provides insight into the company's share capital management and its ongoing commitment to employee incentives through share-based compensation. Following this transfer, CRH's treasury share balance was reduced, impacting the total number of outstanding shares available in the market. Investors should note the exact number of shares in treasury and the total number of ordinary shares in issue (excluding treasury shares) to understand the current capital structure and potential dilution effects.

Key Highlights

  • 1CRH plc re-issued 10,259 ordinary shares from its treasury on June 13, 2012.
  • 2These shares were transferred to participants in CRH's employee share schemes.
  • 3The transfer prices were €11.8573 and £11.36 per ordinary share.
  • 4Following the transaction, CRH holds 8,412,978 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 722,138,296.
  • 6The filing is a Form 6-K, indicating a report of foreign private issuers.
  • 7The transaction affects CRH's share capital structure and potential share count.

Frequently Asked Questions

CRH re-issued treasury shares to participants in its employee share schemes. This is a common practice for companies to provide equity-based compensation and incentives to employees.

The re-issuance of 10,259 shares from treasury reduces the number of shares held in treasury and increases the number of shares outstanding (excluding treasury shares). Specifically, CRH now holds 8,412,978 treasury shares, and the total shares in issue (excluding treasury) is 722,138,296.

The different prices likely reflect the currency of the transaction or the specific terms of the employee share schemes under which the shares were transferred. One price is in Euros (€) and the other is in British Pounds (£), suggesting transactions occurred in different jurisdictions or through different plan types.

While this is a routine disclosure of treasury share transactions related to employee compensation, it is generally not considered a material event that would significantly impact stock performance on its own. However, it does confirm ongoing equity incentive programs and provides up-to-date information on the company's share count.