8-K

CRH PUBLIC LTD CO 8-K Report (Oct 24, 2013)

Filed October 24, 2013For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) details a transaction involving the re-issuance of treasury shares. On October 23, 2013, CRH transferred 50,060 ordinary shares to participants in its employee share schemes. These shares were re-issued at prices of €15.0674, €15.0854, and £13.13 per share. Following this transaction, CRH's treasury share balance has been adjusted. The company now holds 6,178,630 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, stands at 729,653,978. This filing is primarily informational, providing an update on share capital structure and employee incentive programs.

Key Highlights

  • 1CRH re-issued 50,060 ordinary shares from its treasury stock on October 23, 2013.
  • 2The re-issued shares were transferred to participants in CRH's employee share schemes.
  • 3Share prices for the re-issuance varied, including €15.0674, €15.0854, and £13.13 per ordinary share.
  • 4Following the transaction, CRH holds 6,178,630 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 729,653,978.

Frequently Asked Questions

The transaction involved the re-issuance of CRH's own shares (treasury shares) to employees participating in the company's share schemes. This is a common practice for incentivizing and rewarding employees.

This specific transaction decreases the number of shares held in treasury and results in those shares being part of the 'shares in issue' count. The total number of outstanding shares (excluding treasury) increased by the 50,060 shares re-issued.

Companies hold shares in treasury for various reasons, including fulfilling obligations under employee stock option plans or share purchase schemes, for future acquisitions, or to manage the company's capital structure. In this case, the shares were used for employee share schemes.

The different prices reflect the various currencies (Euro and Pound Sterling) and potentially the specific terms and conditions of the employee share schemes under which the shares were transferred. It indicates that the re-issuance was executed across different schemes or at different points with slightly varying market values or grant prices.