Summary
This Form 6-K filing from CRH Public Limited Company reports a transaction involving the re-issue of treasury shares. Specifically, on December 23, 2013, CRH transferred 5,545 Ordinary Shares at a price of €15.0854 per share to a participant in an employee share scheme. This transaction has a minor impact on the company's outstanding share count.
Key Highlights
- 1CRH plc re-issued 5,545 Ordinary Shares from its treasury.
- 2The transaction occurred on December 23, 2013.
- 3The re-issue price was €15.0854 per Ordinary Share.
- 4The shares were transferred to a participant in an employee share scheme.
- 5Following this transaction, CRH plc holds 5,951,104 Ordinary Shares in Treasury.
- 6The total number of Ordinary Shares in issue, excluding treasury shares, is 733,280,496.
Frequently Asked Questions
The shares were re-issued from treasury to a participant in an employee share scheme, which is a common practice for compensation or incentive programs.
This transaction involves the re-issue of shares already held in treasury. Therefore, it does not increase the total number of shares outstanding. The number of shares in issue (excluding treasury shares) remains 733,280,496.
Treasury shares are company stock that has been repurchased from the open market but not yet retired. Companies hold treasury shares for various purposes, including employee stock options, mergers and acquisitions, or future share buybacks. The number of treasury shares reduces the total number of shares that have voting rights and receive dividends.
The price of €15.0854 per share is the value at which the shares were transferred to the employee. For investors, this price is relevant in understanding the value attributed to the shares under the employee scheme at that specific time, and it impacts the company's treasury stock balance.