8-K

CRH PUBLIC LTD CO 8-K Report (Jun 13, 2013)

Filed June 13, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 13, 2013, reporting on a transaction involving its own shares. On June 12, 2013, the company re-issued 4,978 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at prices of £13.13 and £14.4903 per share, indicating a mechanism for rewarding and retaining employees through equity participation. Following this re-issuance, CRH's treasury stock balance was adjusted to 6,449,830 ordinary shares. The total number of outstanding ordinary shares, excluding those held in treasury, is now 729,382,778. This transaction is a routine aspect of corporate finance, often used to manage share capital and incentivize employees, and does not represent a significant change in the company's overall financial position or strategic direction.

Key Highlights

  • 1CRH re-issued 4,978 Ordinary Shares from treasury on June 12, 2013.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3Transaction prices ranged from £13.13 to £14.4903 per Ordinary Share.
  • 4Following the transaction, CRH holds 6,449,830 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue (excluding Treasury Shares) is 729,382,778.

Frequently Asked Questions

The re-issuance was to transfer shares to participants in an employee share scheme, likely as part of an employee incentive or compensation program.

This transaction re-issues shares previously held in treasury, so it does not change the total number of shares outstanding. It reduces the number of shares held in treasury and increases the number of shares in circulation available to shareholders.

The different prices (£13.13 and £14.4903) suggest that the shares might have been allocated based on different grant dates, vesting schedules, or employee levels within the share scheme.

No, treasury shares are not considered outstanding shares. They are shares that the company has repurchased but not yet cancelled. The filing clearly distinguishes between shares held in treasury and those in issue (outstanding).