8-K

CRH PUBLIC LTD CO 8-K Report (Jul 26, 2012)

Filed July 26, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on July 26, 2012, to report on transactions involving its own shares. The company re-issued treasury shares to participants in its employee share schemes. Specifically, on July 25, 2012, CRH transferred 15,917 Ordinary Shares at prices of €11.18 and £11.36 per share. This action reduces the number of shares held in treasury and increases the number of outstanding shares available to the public. Following this re-issuance, CRH's treasury share balance decreased to 8,348,711 Ordinary Shares. The total number of ordinary shares outstanding, excluding treasury shares, stands at 722,202,563. This filing provides transparency regarding the company's share capital structure and its use of treasury shares for employee compensation and incentive programs.

Key Highlights

  • 1CRH plc re-issued treasury shares to participants in its employee share schemes.
  • 2The transaction involved the transfer of 15,917 Ordinary Shares.
  • 3The shares were transferred on July 25, 2012.
  • 4The re-issuance prices were €11.18 and £11.36 per Ordinary Share.
  • 5Following the transaction, CRH holds 8,348,711 Ordinary Shares in Treasury.
  • 6The number of Ordinary Shares in issue (excluding Treasury Shares) is 722,202,563.

Frequently Asked Questions

CRH plc re-issued treasury shares to participants in its employee share schemes. This is a common practice for companies to use shares held in treasury to fulfill obligations under employee stock options, grants, or other incentive plans.

This transaction increases the number of outstanding ordinary shares because shares previously held by the company (in treasury) are now in the hands of employees. The number of shares in issue (excluding treasury shares) is now 722,202,563.

Treasury shares are shares that a company has repurchased from the open market or received back from shareholders, but has not yet canceled or re-issued. They are held by the company itself and do not carry voting rights or entitle the holder to dividends. CRH plc currently holds 8,348,711 Ordinary Shares in Treasury.

These are the prices at which CRH plc transferred its Ordinary Shares from treasury to employees. The different prices likely reflect the currency in which the employee's share scheme or award was denominated or the exchange rate at the time of the transaction.