Summary
CRH Public Limited Company (CRH) filed a Form 6-K on December 6, 2012, to report a transaction involving its own shares. On December 5, 2012, the company transferred 20,497 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 CRH plc holding 7,654,107 Ordinary Shares in treasury, with the total number of outstanding shares (excluding treasury shares) now standing at 726,167,336. This disclosure provides transparency regarding the company's share capital and its use in employee incentive programs.
Key Highlights
- 1CRH plc re-issued treasury shares on December 5, 2012.
- 2A total of 20,497 Ordinary Shares were transferred.
- 3The shares were transferred to participants of CRH's employee share schemes.
- 4Transfer prices for the shares ranged from €11.18 to €11.9565 per Ordinary Share.
- 5Following the transaction, CRH holds 7,654,107 Ordinary Shares in treasury.
- 6The number of outstanding Ordinary Shares (excluding treasury shares) is 726,167,336.
Frequently Asked Questions
The primary purpose of this filing was to inform the SEC and investors about the re-issuance of treasury shares by CRH plc to employees participating in its share schemes.
CRH transferred 20,497 Ordinary Shares from its treasury to participants in its employee share schemes.
The transfer reduced CRH's treasury share count but did not change the total number of outstanding shares excluding treasury shares, which remains at 726,167,336. The number of shares held in treasury is now 7,654,107.
Treasury shares are shares that a company has repurchased from the open market or has in its own possession. These shares are not considered outstanding for voting or dividend purposes and can be re-issued, often as part of employee compensation or benefit plans, as seen in this filing.