Summary
CRH plc filed a Form 6-K on March 14, 2013, reporting on the re-issuance of treasury shares. Specifically, on March 13, 2013, the company transferred 104,154 ordinary shares to participants in its employee share schemes. These shares were transferred at prices ranging between €11.8573 and €15.0854, and also at a price of £11.36 per share. Following these transactions, CRH plc's treasury share balance stands at 6,771,621 ordinary shares. The total number of ordinary shares currently in issue, excluding these treasury shares, is 727,049,822. This filing is primarily informational, detailing the company's share capital adjustments related to employee compensation and equity participation programs.
Key Highlights
- 1CRH plc re-issued treasury shares to employees on March 13, 2013.
- 2A total of 104,154 ordinary shares were transferred.
- 3The re-issuance was part of CRH's employee share schemes.
- 4Transfer prices varied, ranging from €11.8573 to €15.0854 and also £11.36 per share.
- 5CRH's treasury share balance is now 6,771,621 ordinary shares.
- 6The number of outstanding ordinary shares (excluding treasury) is 727,049,822.
Frequently Asked Questions
This Form 6-K filing serves to inform the SEC and investors about CRH plc's re-issuance of treasury shares to participants in its employee share schemes.
Re-issuing treasury shares is a common practice for companies to fulfill obligations under employee stock option plans, restricted stock units, or other employee share schemes. It allows employees to benefit from share ownership and aligns their interests with those of the company's shareholders.
After the re-issuance of 104,154 treasury shares, CRH plc has 727,049,822 ordinary shares in issue, excluding the remaining 6,771,621 ordinary shares held in treasury.
The re-issuance of treasury shares increases the number of outstanding shares in circulation. While it changes the total number of shares outstanding, the impact on market capitalization depends on the price at which these shares were issued. Since these are typically issued to employees as part of compensation, the immediate impact is usually managed and doesn't represent a major dilutive event for the company or a significant change in overall valuation.