8-K

CRH PUBLIC LTD CO 8-K Report (Sep 20, 2012)

Filed September 20, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 20, 2012, reporting a transaction involving its own shares. On September 19, 2012, the company transferred 200,218 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €11.18 to €11.9565 per share. This transaction has resulted in a slight reduction of CRH's treasury share holdings and consequently impacts the total number of Ordinary Shares in issue, excluding treasury shares. Following this transfer, CRH holds 8,070,921 Ordinary Shares in treasury, and the total number of issued Ordinary Shares (excluding treasury shares) stands at 722,480,353. This action is related to the company's employee compensation and incentive programs.

Key Highlights

  • 1CRH plc transferred 200,218 Ordinary Shares from treasury on September 19, 2012.
  • 2The shares were transferred to participants of CRH's employee share schemes.
  • 3The transfer prices ranged from €11.18 to €11.9565 per Ordinary Share.
  • 4Following the transaction, CRH holds 8,070,921 Ordinary Shares in treasury.
  • 5The total number of issued Ordinary Shares, excluding treasury shares, is now 722,480,353.

Frequently Asked Questions

The primary purpose of this transaction was to re-issue treasury shares to participants in CRH's employee share schemes, likely as part of their compensation or incentive programs.

This transaction reduces the number of shares held in treasury and increases the number of shares outstanding (issued and not in treasury). Specifically, treasury shares decreased by 200,218, and issued shares (excluding treasury) are now 722,480,353.

Treasury shares are shares that a company has repurchased from the open market. They are held by the company and can be re-issued later for various purposes, such as employee stock options, acquisitions, or to boost earnings per share. In this case, they were used for employee share schemes.

The shares were transferred at prices between €11.18 and €11.9565 per Ordinary Share. Based on these prices, the total value of the transferred shares is approximately between €2.24 million and €2.39 million.