8-K

CRH PUBLIC LTD CO 8-K Report (Sep 12, 2013)

Filed September 12, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 12, 2013, to report on a recent transaction involving its own shares. Specifically, the company re-issued treasury shares to participants in its employee share schemes. This action is a common practice for companies to incentivize and reward their employees through equity participation. The filing details that on September 11, 2013, CRH transferred 17,914 Ordinary Shares under these schemes. The prices at which these shares were transferred varied, reflecting different share classes and currencies (Euro and Pound Sterling). Following this re-issuance, CRH's total treasury share balance decreased, and the number of outstanding shares in issue (excluding treasury shares) was updated to 729,438,445. This disclosure provides transparency regarding the company's share capital structure and employee compensation strategy.

Key Highlights

  • 1CRH plc re-issued treasury shares to participants in its employee share schemes.
  • 2A total of 17,914 Ordinary Shares were transferred on September 11, 2013.
  • 3Share transfers occurred at varying prices in both Euros (€14.79 and €15.0674) and Pounds Sterling (£13.13 and £14.4903).
  • 4Following the transaction, CRH plc holds 6,394,163 Ordinary Shares in Treasury.
  • 5The number of Ordinary Shares in issue, excluding treasury shares, stands at 729,438,445.
  • 6This transaction impacts the company's share capital structure and is a mechanism for employee remuneration.

Frequently Asked Questions

The primary purpose of this filing (Form 6-K) is to report that CRH plc has re-issued treasury shares to employees participating in its share schemes. This is a routine disclosure for companies regarding changes in their share capital.

CRH plc re-issued a total of 17,914 Ordinary Shares. These shares were transferred at various prices depending on the currency and specific scheme, including €14.79, €15.0674, £13.13, and £14.4903 per share.

The re-issuance of shares reduces the number of shares held in treasury by CRH plc. After this transaction, CRH holds 6,394,163 treasury shares, and the total number of ordinary shares in issue, excluding treasury shares, is 729,438,445.

Companies typically hold shares in treasury for various strategic purposes, including fulfilling obligations under employee share schemes, funding future acquisitions, or for share buyback programs. In this specific instance, the treasury shares were re-issued to employees as part of incentive and reward programs.