8-K

CRH PUBLIC LTD CO 8-K Report (Nov 29, 2013)

Filed November 29, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on November 28, 2013, reporting a transaction involving its own shares. On November 27, 2013, the company transferred 14,547 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging between €14.79 and €15.0854, and between £13.13 and £14.4903 per share, reflecting the respective currency denominations at the time. This transaction has resulted in a slight reduction in CRH's treasury share holdings. Following this re-issue, CRH now holds 5,989,302 Ordinary Shares in Treasury. The total number of Ordinary Shares in issue, excluding these treasury shares, stands at 733,242,298. This filing provides transparency regarding the company's share capital management and its ongoing engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 14,547 Ordinary Shares from its treasury stock.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction date was November 27, 2013.
  • 4Transfer prices varied by currency: €14.79 - €15.0854 and £13.13 - £14.4903 per share.
  • 5Following the transaction, CRH holds 5,989,302 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares in issue (excluding Treasury Shares) is 733,242,298.

Frequently Asked Questions

The primary purpose of the transaction was to transfer treasury shares to participants in CRH's employee share schemes, likely as part of their compensation or incentive programs.

This transaction effectively reduces the number of shares held in treasury. The total number of Ordinary Shares in issue, excluding treasury shares, remains largely unchanged, but the composition of the company's capital structure shifts slightly with fewer shares held in treasury and more in circulation among employees.

The different price ranges in Euros and Pounds reflect the dual currency aspect of the transaction, indicating that shares were transferred to employees in different geographic regions or that the schemes allowed for settlement in either currency at prevailing market rates.

These are not newly issued shares. They are Ordinary Shares that CRH plc previously repurchased and held in its treasury, now being re-issued to employees.