8-K

CRH PUBLIC LTD CO 8-K Report (Aug 2, 2012)

Filed August 2, 2012For Securities:CRH

Summary

CRH plc filed a Form 6-K on August 2, 2012, reporting a transaction involving its own shares. Specifically, on August 1, 2012, the company transferred 5,777 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at varying prices in Euros and Pounds Sterling. This transaction is significant as it affects the number of outstanding shares and the company's treasury stock. Following this re-issue, CRH plc now holds 8,342,934 ordinary shares in treasury, with the total number of ordinary shares in issue, excluding treasury shares, standing at 722,208,340. Investors should note that such re-issues are typically done to fulfill obligations under employee long-term incentive plans and do not represent a new issuance of equity to the public market.

Key Highlights

  • 1CRH plc reported a re-issue of treasury shares on August 1, 2012.
  • 25,777 ordinary shares were transferred to participants in employee share schemes.
  • 3The shares were transferred at prices of €11.18, €12.82, and £11.36 per share.
  • 4Following the transaction, CRH plc holds 8,342,934 ordinary shares in treasury.
  • 5The number of ordinary shares in issue (excluding treasury shares) is 722,208,340.

Frequently Asked Questions

A Form 6-K is an 'Report of Foreign Private Issuer' that a foreign company which is publicly traded in the U.S. must file with the SEC. It is used to furnish information which the filer publishes, is required to publish, or is required to file in the country where it is incorporated or has its principal place of business.

Treasury shares are shares that a company has repurchased from the open market. Re-issuing these shares means the company is transferring them out, in this case, to employees under share schemes. This reduces the number of shares held in treasury but does not increase the total number of shares outstanding from the perspective of external shareholders (as these shares were already issued at some point).

This transaction slightly reduces the number of treasury shares held by CRH. The number of ordinary shares in issue, excluding treasury shares, remains the key metric for investors. The filing confirms that after this re-issue, there are 722,208,340 ordinary shares in issue, excluding treasury shares.

No, these shares are not new issuances being sold to the public. They are treasury shares being transferred to employees as part of their compensation under employee share schemes, fulfilling existing commitments.