8-K

CRH PUBLIC LTD CO 8-K Report (Nov 23, 2012)

Filed November 23, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on November 23, 2012, to report a transaction involving its own shares. The company announced that on November 22, 2012, it transferred 106,232 Ordinary Shares to the Trustees of its employee share participation schemes. This transaction was conducted at a price of €13.89 per Ordinary Share.

Key Highlights

  • 1CRH plc re-issued treasury shares on November 22, 2012.
  • 2A total of 106,232 Ordinary Shares were transferred.
  • 3The shares were transferred to the Trustees of CRH's employee share participation schemes.
  • 4The price per Ordinary Share for this transaction was €13.89.
  • 5Following this re-issue, CRH plc now holds 7,685,636 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares in issue, excluding treasury shares, stands at 726,135,807.

Frequently Asked Questions

The transaction involved the re-issue of treasury shares to the Trustees of CRH's employee share participation schemes. This is typically done to satisfy obligations related to employee share purchase plans, stock options, or other equity-based compensation for employees.

This transaction reduces the number of shares held in treasury. While the total number of shares issued remains the same, the number of shares available for future treasury re-issue decreases. The net number of shares in issue (excluding treasury shares) remains 726,135,807, as treasury shares are not considered outstanding for most purposes.

The price of €13.89 per share likely reflects the market price or a pre-determined value set by the employee share participation scheme. For investors, it indicates that the company is utilizing its treasury shares at a specific valuation point in time, which can be compared to the prevailing market price around that date.

As a foreign private issuer incorporated in Ireland, CRH files reports on Form 6-K to report information required or permitted to be reported to its home country security holders or required to be made public pursuant to the laws of its home country. This re-issue of treasury shares is a material event that needs to be disclosed to the SEC for its U.S. investors.