8-K

CRH PUBLIC LTD CO 8-K Report (Jan 17, 2013)

Filed January 17, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K (on Form 6-K for foreign issuers) on January 17, 2013, to report on a transaction involving its own shares. The company announced that on January 16, 2013, it re-issued 6,783 ordinary shares from its treasury stock to participants of an employee share scheme. These shares were transferred at a price of €11.18 per share. This transaction effectively reduced the number of shares held in treasury and increased the number of shares outstanding (excluding treasury shares). For investors, this filing is primarily informational, providing transparency on share capital movements and the company's use of treasury shares for employee incentives. It indicates a minor adjustment to the company's share structure, with no significant financial implications immediately apparent from this specific disclosure.

Key Highlights

  • 1CRH plc re-issued 6,783 Ordinary Shares from treasury stock on January 16, 2013.
  • 2The re-issued shares were transferred to participants in an employee share scheme.
  • 3The price per Ordinary Share for this transaction was €11.18.
  • 4Following the transaction, CRH plc holds 7,366,104 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is now 726,455,339.
  • 6The filing is made on Form 6-K, as CRH is a foreign private issuer.
  • 7This event signifies the company's use of treasury shares for employee compensation and incentive programs.

Frequently Asked Questions

Re-issuing treasury shares to employees is a common practice for companies to use as part of employee stock option plans, restricted stock units, or other equity-based compensation. It allows employees to participate in the company's ownership, which can align their interests with shareholders and provide an incentive for performance.

Yes, this transaction increases the number of outstanding shares by 6,783. However, it reduces the number of shares held in treasury. The filing clarifies the new figures: 7,366,104 shares in treasury and 726,455,339 shares in issue (excluding treasury).

Form 6-K is a report of foreign private issuers filed with the SEC. CRH, being an Irish-domiciled company, uses this form to report information required by its home country's laws or to announce material information to its shareholders, such as this transaction involving its own shares.

The price of €11.18 per share reflects the value at which the company transferred its treasury shares to employees on that specific date. For investors, it provides context for the value attributed to the shares under the employee scheme. It is not necessarily indicative of the market trading price at the time but rather a pre-determined value for the equity award.