Summary
CRH Public Limited Company (CRH) filed a Form 6-K on May 23, 2013, reporting on a transaction involving its own shares. The company announced the re-issuance of treasury shares to participants in its employee share schemes. This transaction involved the transfer of 5,948 Ordinary Shares on May 22, 2013, at specified prices in both Euros and Pounds Sterling.
Key Highlights
- 1CRH plc re-issued 5,948 Ordinary Shares from its treasury to employee share scheme participants on May 22, 2013.
- 2The re-issuance occurred at prices of €15.0854 per share and £11.19-£11.55 per share.
- 3Following this transaction, CRH plc's treasury share balance is 6,454,808 Ordinary Shares.
- 4The total number of ordinary shares currently in issue, excluding treasury shares, stands at 729,377,800.
Frequently Asked Questions
The primary purpose of this filing is to report CRH plc's re-issuance of treasury shares to its employees under its share schemes. This is a routine disclosure requirement for such transactions.
Companies re-issue treasury shares typically to fulfill obligations under employee stock option plans, restricted stock units, or other share-based compensation programs. This allows employees to acquire company stock, aligning their interests with shareholders.
This transaction reduces the number of shares held in treasury but does not change the total number of shares outstanding or issued. The number of shares in issue (excluding treasury shares) remains at 729,377,800, while the treasury stock decreases.