8-K

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

Filed December 20, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on December 20, 2012, to report on treasury share transactions. The company re-issued 78,786 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 action reduces the number of shares held in treasury and increases the number of outstanding shares available to the public. Following this re-issuance, CRH now holds 7,430,041 ordinary shares in treasury. The total number of ordinary shares in issue, excluding treasury shares, stands at 726,391,402. This filing provides transparency regarding the company's share capital management and its engagement with employee incentives.

Key Highlights

  • 1CRH plc re-issued 78,786 ordinary shares from treasury on December 19, 2012.
  • 2The re-issued shares were transferred to participants in employee share schemes.
  • 3The transaction prices for these shares ranged from €11.18 to €11.9565 per ordinary share.
  • 4After the re-issuance, CRH plc's treasury share balance is 7,430,041 ordinary shares.
  • 5The total number of CRH ordinary shares in issue (excluding treasury shares) is 726,391,402.

Frequently Asked Questions

This filing (specifically a Form 6-K, which is for foreign private issuers) reports CRH's re-issuance of treasury shares to employees participating in its share schemes.

Treasury shares are shares that a company has repurchased from the open market. Re-issuing them, as CRH has done, is a common practice to fulfill obligations under employee stock option plans, restricted stock units, or other employee incentive programs.

The re-issuance of treasury shares increases the total number of outstanding shares available to the public. The number of shares held in treasury decreases, while the number of shares in issue (excluding treasury) increases by the same amount.

Generally, the re-issuance of treasury shares for employee compensation is a routine capital management activity and not typically indicative of a major shift in financial health or corporate strategy. It reflects the ongoing operation of employee incentive plans.