8-K

CRH PUBLIC LTD CO 8-K Report (Jul 11, 2013)

Filed July 11, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on July 11, 2013, to report a transaction involving its own shares. The company announced the re-issuance of 4,360 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices of €14.79 and £13.13 per share on July 10, 2013. This transaction resulted in a minor adjustment to CRH's treasury share balance. Post-transaction, CRH holds 6,431,856 Ordinary Shares in treasury, and the total number of Ordinary Shares outstanding (excluding treasury shares) is reported as 729,400,752. This filing provides transparency on the company's share capital management related to employee incentive programs.

Key Highlights

  • 1CRH re-issued 4,360 Ordinary Shares from treasury on July 10, 2013.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3The re-issuance prices were €14.79 and £13.13 per Ordinary Share.
  • 4Following the transaction, CRH holds 6,431,856 Ordinary Shares in treasury.
  • 5The total number of Ordinary Shares in issue (excluding treasury shares) stands at 729,400,752.

Frequently Asked Questions

This is a Form 6-K filing, which is a report of foreign private issuers submitted to the SEC. Its purpose in this instance is to announce a transaction involving the company's own shares, specifically the re-issuance of treasury shares to employees.

CRH re-issued treasury shares as part of its employee share schemes. This is a common practice for companies to grant shares or options to employees as part of their compensation and incentive programs.

The transaction involved re-issuing shares that were already held by the company in treasury. Therefore, it did not increase the total number of shares outstanding in the market. The number of shares in issue (excluding treasury shares) remained the same as the shares were effectively moved from treasury to employee hands, not newly created.

Treasury shares are shares that a company has repurchased from the open market or that were not issued in an initial public offering. These shares are held by the company and can be re-issued for various purposes, such as employee stock options, stock grants, acquisitions, or to support the stock price, without diluting existing shareholders as new shares would.