8-K

CRH PUBLIC LTD CO 8-K Report (Mar 7, 2013)

Filed March 7, 2013For Securities:CRH

Summary

CRH plc, a foreign private issuer, filed a Form 6-K on March 7, 2013, to report on transactions involving its own shares. The primary purpose of this filing was to disclose the re-issuance of treasury shares to participants of its employee share schemes. This action is a common practice for companies to incentivize and retain employees by offering them ownership stakes. Specifically, CRH plc transferred 299,117 Ordinary Shares from its treasury to employees on March 6, 2013. The transfer prices varied, reflecting market conditions at the time, with Euro-denominated prices ranging from €11.8573 to €15.0854 and Pound Sterling-denominated prices between £8.1694 and £10.0359. This transaction resulted in CRH plc holding 6,875,775 Ordinary Shares in treasury, with the total number of outstanding ordinary shares (excluding treasury shares) being 726,945,668.

Key Highlights

  • 1CRH plc re-issued 299,117 Ordinary Shares from treasury to participants in employee share schemes.
  • 2The re-issuance occurred on March 6, 2013.
  • 3Share prices for the re-issuance ranged from €11.8573 to €15.0854 and £8.1694 to £10.0359.
  • 4Following these transactions, CRH plc's treasury share balance is 6,875,775 Ordinary Shares.
  • 5The total number of outstanding Ordinary Shares (excluding treasury shares) is 726,945,668.
  • 6The filing is a Form 6-K, indicating it's a report of a foreign private issuer.
  • 7The transaction is standard practice for employee compensation and retention.

Frequently Asked Questions

The main purpose of this filing is to report CRH plc's re-issuance of treasury shares to employees participating in its share schemes. This is a disclosure required by regulations for such transactions.

This transaction does not increase the total number of outstanding shares. Instead, it moves shares from the company's treasury (shares it previously repurchased) back into circulation and into the hands of employees. The reported number of outstanding shares (726,945,668) excludes treasury shares.

Treasury shares are shares that a company has repurchased from the open market. Companies often re-issue treasury shares to use as part of employee stock options, restricted stock units, or other employee share schemes as a way to compensate, incentivize, and retain talent.

The different price ranges reflect that the shares were transferred on a specific date, and their value might have fluctuated slightly during the day or across different transaction batches. The Euro and Pound Sterling prices indicate CRH's operations in multiple currency regions.