Summary
CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on August 8, 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 action involved the transfer of 660 ordinary shares at specified Euro and Sterling prices on August 7, 2013. Following this transaction, CRH plc's treasury share balance stands at 6,424,767 ordinary shares. The total number of ordinary shares currently in issue, excluding these treasury shares, is 729,407,841. This filing provides transparency regarding the company's capital structure and share management practices, particularly concerning employee benefit programs.
Key Highlights
- 1CRH plc re-issued treasury shares to employees under its share schemes.
- 2A total of 660 ordinary shares were transferred on August 7, 2013.
- 3The transfer prices were €14.79 per Ordinary Share and £13.13 per Ordinary Share.
- 4Following the re-issuance, CRH now holds 6,424,767 ordinary shares in treasury.
- 5The total number of outstanding ordinary shares (excluding treasury shares) is 729,407,841.
- 6The filing is a Form 6-K, reporting on foreign private issuer matters.
Frequently Asked Questions
The primary purpose of this Form 6-K filing was to report CRH plc's re-issuance of treasury shares to participants in its employee share schemes and to update the company's outstanding share count.
The transaction involved re-issuing shares that were previously held in treasury. While 660 shares were transferred, the total number of shares in issue (excluding treasury shares) remains 729,407,841, indicating these were likely shares already accounted for in the total capital structure but held by the company.
Treasury shares are shares that a company has repurchased from the open market or that were never issued. They are not considered outstanding shares for voting or dividend purposes. Companies often hold treasury shares to use for employee stock options, acquisitions, or to manage their share capital.
The prices of €14.79 and £13.13 per share reflect the market value of CRH's ordinary shares at the time of the transaction and are the basis for issuing these shares to employees under their respective share schemes. These prices are relevant for accounting and employee compensation purposes.