8-K

CRH PUBLIC LTD CO 8-K Report (Sep 19, 2013)

Filed September 19, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on September 19, 2013, detailing a transaction involving its own shares. The company announced the re-issue of treasury shares on September 18, 2013, transferring 40,395 Ordinary Shares to participants in its employee share schemes. These shares were transferred at specific prices of €15.0674 and £13.13 per Ordinary Share, indicating a commitment to employee incentives and a utilization of previously held treasury stock. This transaction resulted in a slight decrease in CRH's treasury share holdings, with the company now holding 6,353,768 Ordinary Shares in Treasury. The total number of Ordinary Shares in issue, excluding these treasury shares, stands at 729,478,840. For investors, this filing primarily signifies ongoing share-based compensation practices and provides an updated view of the company's share capital structure. The event itself is routine and does not appear to represent a significant strategic shift for CRH.

Key Highlights

  • 1CRH plc re-issued treasury shares on September 18, 2013.
  • 2A total of 40,395 Ordinary Shares were transferred to employee share scheme participants.
  • 3The transfer prices were €15.0674 and £13.13 per Ordinary Share.
  • 4Following the transaction, CRH holds 6,353,768 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is 729,478,840.

Frequently Asked Questions

The main event was the re-issue of treasury shares by CRH plc. The company transferred 40,395 of its own Ordinary Shares to participants in its employee share schemes.

These shares were reissued as part of CRH's employee share schemes, which is a common practice for incentivizing and retaining employees.

This transaction reduced the number of shares held in treasury but did not change the total number of shares outstanding as these were shares already held by the company. The number of shares in issue (excluding treasury shares) remains 729,478,840, and CRH now holds 6,353,768 shares in treasury.

The Ordinary Shares were transferred at prices of €15.0674 and £13.13 per Ordinary Share.