8-K

CRH PUBLIC LTD CO 8-K Report (Oct 17, 2013)

Filed October 17, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K, reporting a transaction related to its employee share schemes. On October 16, 2013, the company transferred 49,912 Ordinary Shares from its treasury to participants in these schemes at prices ranging from €14.79 to €15.0854 per share. This transaction impacts the company's treasury stock holdings and the number of outstanding shares. Following this re-issuance, CRH now holds 6,228,690 Ordinary Shares in Treasury, and the total number of Ordinary Shares in issue, excluding those held in treasury, stands at 729,603,918. This filing provides transparency to investors regarding the movement of company shares for employee compensation and incentive programs.

Key Highlights

  • 1CRH Public Limited Company (CRH) filed a Form 6-K on October 17, 2013.
  • 2The filing details a re-issuance of treasury shares on October 16, 2013.
  • 349,912 Ordinary Shares were transferred to participants in employee share schemes.
  • 4The transfer prices ranged from €14.79 to €15.0854 per Ordinary Share.
  • 5Following the transaction, CRH's treasury share balance is 6,228,690 Ordinary Shares.
  • 6The number of issued Ordinary Shares (excluding treasury shares) is 729,603,918.

Frequently Asked Questions

The shares were transferred to participants in CRH's employee share schemes, indicating they were likely used for stock options, awards, or other employee compensation programs.

This transaction reduces the number of shares held in treasury. The number of issued shares, excluding treasury shares, remains the primary figure for calculating metrics like Earnings Per Share (EPS), which stood at 729,603,918 after the transaction.

Treasury shares are shares that a company has repurchased from the open market or that were not issued initially. They are not considered outstanding for voting or dividend purposes and can be re-issued for various corporate purposes, such as employee compensation or acquisitions.

This is neither a buyback nor a sale on the open market. It is a re-issuance of shares that CRH already held in its treasury, specifically for employee benefit programs.