8-K

CRH PUBLIC LTD CO 8-K Report (Mar 21, 2013)

Filed March 21, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 21, 2013, reporting on the re-issuance of treasury shares. Specifically, on March 20, 2013, the company transferred 70,605 Ordinary Shares to participants in its employee share schemes. These shares were transferred at varying prices denominated in both Euros and British Pounds, reflecting different exercise prices within the schemes. This transaction resulted in a slight reduction in CRH's treasury share holdings. Following the transfer, CRH holds 6,701,016 Ordinary Shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, stands at 727,120,427. This filing provides transparency regarding CRH's share capital and its utilization for employee incentive programs.

Key Highlights

  • 1CRH plc re-issued treasury shares on March 20, 2013.
  • 2A total of 70,605 Ordinary Shares were transferred to employee share scheme participants.
  • 3Share prices for the re-issuance varied, denominated in both Euros (€11.8573 - €15.0854) and Pounds Sterling (£8.1694 - £12.9574).
  • 4Following the transaction, CRH's treasury share balance is 6,701,016 Ordinary Shares.
  • 5The number of ordinary shares in issue (excluding treasury shares) is 727,120,427.
  • 6This is a standard reporting event related to employee share schemes and share capital management.

Frequently Asked Questions

The primary purpose of this filing (Form 6-K) was to report CRH's re-issuance of treasury shares to participants in its employee share schemes and to update the company's outstanding share count and treasury share balance.

The re-issuance of treasury shares reduces the number of shares held in treasury. The total number of shares in issue (excluding treasury shares) remains the same, but the composition changes as previously held treasury shares are now in the hands of employees.

The share prices are listed in both Euros and Pounds Sterling because CRH is a multinational company, and its employee share schemes likely operate in different geographical regions with different functional currencies for these schemes, or the plans themselves are denominated in different currencies.

Treasury shares are shares that a company has repurchased from the open market or otherwise reacquired. These shares are legally issued but are not outstanding and do not carry voting rights or the right to receive dividends. Companies often hold treasury shares to use for employee stock options, employee stock purchase plans, or potential acquisitions.