8-K

CRH PUBLIC LTD CO 8-K Report (Oct 31, 2013)

Filed October 31, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on October 31, 2013, reporting on a transaction involving its own shares. Specifically, on October 30, 2013, the company transferred 14,542 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging between €15.0674 and €16.58, and also in British Pounds at prices between £13.13 and £14.4903. This transaction resulted in a slight reduction in the number of treasury shares held by CRH. Following the transfer, the company now holds 6,164,088 Ordinary Shares in treasury. The total number of outstanding ordinary shares, excluding these treasury shares, stands at 733,067,512. This filing provides transparency on CRH's share management and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc transferred 14,542 Ordinary Shares from treasury on October 30, 2013.
  • 2The shares were issued to participants of CRH's employee share schemes.
  • 3Transaction prices varied, ranging from €15.0674 to €16.58 and £13.13 to £14.4903 per share.
  • 4Following the transfer, CRH's treasury share balance decreased.
  • 5CRH now holds 6,164,088 Ordinary Shares in treasury.
  • 6The total number of outstanding ordinary shares (excluding treasury) is 733,067,512.

Frequently Asked Questions

The shares were transferred to participants in CRH's employee share schemes, which is a common practice for equity-based compensation and employee incentive programs.

This specific transaction re-issued shares held in treasury to employees. It does not change the total number of shares outstanding if the treasury shares were previously considered issued. The filing clarifies that the number of *issued* shares excluding treasury shares is 733,067,512, indicating a reduction in treasury stock rather than an increase in total outstanding shares.

Treasury shares are company-owned shares that have been repurchased from the open market or were never issued originally. They are not included in the calculation of outstanding shares for voting or dividend purposes. Companies often hold treasury shares for re-issuance to employees, for mergers and acquisitions, or to boost earnings per share by reducing the divisor.

The filing indicates a range of prices for the share transfers. Without knowing the market price of CRH shares on October 30, 2013, it's difficult to definitively say if they were transferred at a discount or premium. However, such transfers to employees are often based on formulas linked to fair market value or a slight concession.