Summary
CRH Public Limited Company (CRH) filed a Form 6-K on October 3, 2013, to report on a transaction involving its own shares. The company re-issued treasury shares to participants in its employee share schemes on October 2, 2013. This action involved the transfer of 35,921 ordinary shares at varying prices in Euros and Pounds Sterling.
Key Highlights
- 1CRH re-issued 35,921 treasury shares to employees on October 2, 2013.
- 2The re-issuance involved ordinary shares transacted at prices of €15.0674, €15.0854, £13.13, and £14.4903 per share.
- 3Following these transactions, CRH now holds 6,285,368 ordinary shares in treasury.
- 4The total number of issued ordinary shares, excluding treasury shares, stands at 729,547,240.
- 5The filing is a Form 6-K, indicating it's a report of a foreign private issuer.
- 6The filing was made on October 3, 2013, reporting an event from October 2, 2013.
Frequently Asked Questions
The primary purpose of this filing was to report the re-issuance of treasury shares to participants in CRH's employee share schemes and to update the company's treasury share balance and total issued shares.
Companies often re-issue treasury shares to satisfy obligations under employee stock option plans, restricted stock units, or other employee share-based compensation programs. This is a common way to incentivize and retain employees.
The re-issuance reduces the number of treasury shares by 35,921. The total number of issued shares remains the same, but the number of outstanding shares (excluding treasury shares) increases by 35,921, as these shares are now held by employees rather than by the company itself.
The varying prices likely reflect the terms of different employee share plans or the exchange rates at the time of the transactions for shares held in different currency denominations.