8-K

CRH PUBLIC LTD CO 8-K Report (Jun 28, 2012)

Filed June 28, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 28, 2012, to report on the re-issuance of treasury shares to participants in its employee share schemes. On June 27, 2012, the company transferred 17,560 ordinary shares at prices ranging from €11.18 to €11.8573 and £11.36. This action is a standard part of managing employee compensation and long-term incentives through share-based awards. Following this transaction, CRH's treasury shares decreased, with the company now holding 8,392,656 ordinary shares in treasury. The total number of ordinary shares in issue, excluding these treasury shares, stands at 722,158,618. This filing provides transparency on CRH's share capital management and its commitment to employee participation in the company's success.

Key Highlights

  • 1CRH plc re-issued 17,560 ordinary shares from its treasury on June 27, 2012.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3The transaction involved ordinary shares priced at €11.18, €11.8573, and £11.36.
  • 4Following the re-issuance, CRH holds 8,392,656 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 722,158,618.

Frequently Asked Questions

This filing (Form 6-K) is to report the re-issuance of treasury shares to employees under the company's share schemes. It provides transparency on changes to CRH's issued share capital.

Treasury shares are shares that a company has repurchased from the open market or that were originally issued and subsequently reacquired. Companies typically hold treasury shares to fulfill obligations under employee stock option plans, for future acquisitions, or for other corporate purposes, rather than canceling them.

This transaction reduces the number of shares held in treasury but does not change the total number of outstanding shares. The number of shares in issue (excluding treasury shares) remains the same unless these shares were previously part of the issued count and are now being re-issued from treasury. The filing clarifies that the issued shares count is 722,158,618 after this transaction.

The filing provides the prices at which the shares were transferred (€11.18, €11.8573, and £11.36). These prices likely reflect the market value of the shares at the time of the transfer, as is typical for employee share scheme awards, rather than a significant discount or premium.