8-K

CRH PUBLIC LTD CO 8-K Report (Oct 18, 2012)

Filed October 18, 2012For Securities:CRH

Summary

CRH plc has filed a Form 6-K disclosing the re-issuance of treasury shares on October 17, 2012. A total of 16,062 ordinary shares were transferred to participants in the company's employee share schemes at prices ranging from €11.18 to €11.8573 per share. This transaction is a routine part of managing employee incentives and the company's share capital. Following this re-issuance, CRH plc's treasury share balance stands at 7,894,653 ordinary shares. The total number of ordinary shares outstanding, excluding treasury shares, is now 722,656,621. Investors should note that this activity does not represent a new issuance of equity for external capital but rather the utilization of existing shares held in treasury for employee compensation purposes.

Key Highlights

  • 1CRH plc re-issued 16,062 ordinary shares from treasury on October 17, 2012.
  • 2These shares were transferred to participants in employee share schemes.
  • 3The transaction prices ranged from €11.18 to €11.8573 per ordinary share.
  • 4Following the transaction, CRH plc holds 7,894,653 ordinary shares in treasury.
  • 5The total number of outstanding ordinary shares (excluding treasury shares) is 722,656,621.

Frequently Asked Questions

The re-issuance of treasury shares was to fulfill obligations under CRH's employee share schemes, meaning these shares were transferred to employees as part of their compensation or incentive programs.

No, this transaction does not affect the total number of shares outstanding as the shares were already issued and subsequently held in treasury. It only changes the number of shares held in treasury and the number of shares available for external issuance.

Treasury shares are company-owned shares that have been reacquired. They do not carry voting rights and do not receive dividends. CRH holds these shares for various purposes, including employee share schemes, acquisitions, or potential future capital management strategies.

The prices of €11.18 and €11.8573 per share reflect the market value or a predetermined valuation used for the employee share schemes at the time of the transfer. These prices are generally based on prevailing market conditions or scheme rules.