8-K

CRH PUBLIC LTD CO 8-K Report (Jan 16, 2014)

Filed January 16, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on January 16, 2014, to report a transaction involving its own shares. Specifically, on January 15, 2014, the company re-issued 918 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at a price of €14.79 per share. This transaction had a minimal impact on the total number of shares outstanding, as it involved shares previously held in treasury. Following this re-issue, CRH's total treasury shares now stand at 5,944,314. The number of ordinary shares currently in issue, excluding treasury shares, is reported as 733,287,286. This filing provides transparency regarding the company's share capital management and its ongoing engagement with employee incentive programs through share-based compensation.

Key Highlights

  • 1CRH plc re-issued 918 ordinary shares from its treasury on January 15, 2014.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The re-issue price per share was €14.79.
  • 4Following the transaction, CRH holds 5,944,314 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 733,287,286.

Frequently Asked Questions

This is a Form 6-K, which is a report of foreign private issuers required to be filed with the SEC, typically providing information that the company has made or will make public in its home country or has distributed or will distribute to its security holders.

CRH re-issued these treasury shares to participants in an employee share scheme. This is a common practice for companies to use shares held in treasury for employee compensation and incentive programs.

This transaction involves shares already held in treasury, so it does not increase the total number of shares outstanding. It simply moves shares from treasury stock back into circulation for employee benefit. The number of shares in issue (excluding treasury) remains 733,287,286.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired. They are not considered outstanding shares and do not have voting rights. Companies often hold treasury shares to re-issue for employee stock options, acquisitions, or to potentially boost earnings per share if held and not re-issued.