Summary
This 8-K filing from CRH Public Limited Company (CRH) on June 21, 2012, reports on a transaction involving the re-issuance of treasury shares. Specifically, CRH transferred 2,762 Ordinary Shares to participants in its employee share schemes on June 20, 2012, at specified prices in both Euros and Pounds Sterling. This transaction resulted in a slight adjustment to CRH's treasury share balance. Following the transfer, the company now holds 8,410,216 Ordinary Shares in Treasury. The total number of Ordinary Shares outstanding, excluding these treasury shares, is 722,141,058. This filing is primarily informational, detailing the movement of shares related to employee compensation and equity plans.
Key Highlights
- 1CRH plc re-issued 2,762 Ordinary Shares from its treasury to employees participating in share schemes.
- 2The share transfers occurred on June 20, 2012.
- 3Transaction prices varied, with shares issued at €11.18 and €12.82 in Euros, and £11.36 in Pounds Sterling.
- 4Following the re-issuance, CRH holds 8,410,216 Ordinary Shares in treasury.
- 5The total number of outstanding Ordinary Shares, excluding treasury shares, is 722,141,058.
- 6This filing is made on Form 6-K, indicating it's a report from a foreign private issuer.
- 7The event date for this transaction was June 19, 2012, with the filing date of June 20, 2012.
Frequently Asked Questions
The re-issuance of these treasury shares was to fulfill obligations under CRH's employee share schemes. This is a common practice for companies to grant shares to employees as part of their compensation or incentive programs.
This specific transaction reduces the number of shares held in treasury, but it does not change the total number of outstanding shares. The outstanding shares are defined as excluding treasury shares, and the filing clarifies the updated number of treasury shares and the adjusted outstanding share count.
The prices being in both Euros and Pounds Sterling reflects CRH's operational presence and likely the currency denomination of its employee share schemes or the location of the participants in those schemes. CRH is a global company with significant operations in both the Eurozone and the UK.
A Form 6-K is a report of foreign private issuers filed with the U.S. Securities and Exchange Commission (SEC). It is used to furnish or provide to the SEC, reports and other information that the issuer is required to publish, file or distribute to its security holders under the laws of its home country, or that it makes or files public with any stock exchange on which its securities are traded.