8-K

CRH PUBLIC LTD CO 8-K Report (Dec 2, 2013)

Filed December 2, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on November 29, 2013, reporting a transaction involving its own shares. Specifically, the company transferred 3,773 ordinary shares to a participant in an employee share scheme. This transaction, executed on November 29, 2013, involved shares priced at €15.0674 and €16.58 per share. This action is part of CRH's ongoing management of its share capital, particularly concerning its employee incentive programs. Following this transfer, CRH's total treasury shares now stand at 5,985,529. The total number of ordinary shares in issue, excluding these treasury shares, is 733,246,071. This filing provides transparency regarding the company's share structure and its use of treasury shares, which can be relevant for understanding potential dilution and the company's capital management strategies.

Key Highlights

  • 1CRH plc transferred 3,773 ordinary shares to an employee share scheme participant on November 29, 2013.
  • 2The shares were transferred at prices of €15.0674 and €16.58 per share.
  • 3Following the transaction, CRH holds 5,985,529 ordinary shares in treasury.
  • 4The total number of ordinary shares currently in issue (excluding treasury shares) is 733,246,071.
  • 5The filing is a Form 6-K, indicating it's a report of a foreign private issuer.
  • 6The transaction is related to the company's employee share schemes.

Frequently Asked Questions

The primary purpose of this transaction was to transfer shares to a participant in CRH's employee share scheme. This is a common practice for companies to fulfill obligations or grant awards under such incentive plans.

This specific transaction involved re-issuing treasury shares to an employee. Therefore, it does not increase the total number of shares outstanding but rather reduces the number of shares held in treasury and slightly adjusts the number of shares held by the public (as the employee is now considered outside of treasury shares).

Treasury shares are shares that a company has repurchased from the open market or were previously issued and subsequently reacquired. Companies hold treasury shares for various strategic reasons, such as funding employee stock options and share-based compensation plans, for future acquisitions, or to potentially return capital to shareholders.

This transaction involved a relatively small number of shares (3,773 out of over 733 million issued shares) and was conducted under an existing employee share scheme. While important for internal capital management and employee incentives, it is unlikely to be considered highly material or to have a significant direct impact on CRH's stock price on its own.