Summary
CRH plc filed a Form 6-K report on August 15, 2013, detailing a transaction involving its own shares. The company announced the re-issue of 1,491 ordinary shares from its treasury to participants in an employee share scheme at a price of £13.13 per share on August 14, 2013. This transaction had a minor impact on the total number of shares outstanding. Following this re-issue, CRH plc now holds 6,423,276 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) standing at 729,409,332. This filing primarily serves to update the market on CRH's share capital structure and its use of treasury shares for employee compensation plans.
Key Highlights
- 1CRH plc re-issued 1,491 ordinary shares from treasury on August 14, 2013.
- 2The re-issued shares were transferred to participants in an employee share scheme.
- 3The price per share for this transaction was £13.13.
- 4Following the transaction, CRH holds 6,423,276 ordinary shares in treasury.
- 5The number of ordinary shares currently in issue (excluding treasury shares) is 729,409,332.
Frequently Asked Questions
The primary purpose of this filing was to report a transaction involving CRH's own shares, specifically the re-issue of treasury shares to participants in an employee share scheme.
The re-issue of treasury shares reduces the number of shares held in treasury but increases the number of shares outstanding, as these shares are now in the hands of employees rather than held by the company.
Shares held in treasury are shares that the company has repurchased but not cancelled. These shares can be re-issued for various purposes, such as employee stock option plans, acquisitions, or other corporate transactions, without requiring the issuance of new shares.
The filing does not provide the market price of CRH shares on August 14, 2013. The £13.13 price is the price at which the shares were transferred to employees, which may be related to the market price or determined by the terms of the employee share scheme.