8-K

CRH PUBLIC LTD CO 8-K Report (Feb 14, 2014)

Filed February 14, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on February 13, 2014, reporting a transaction in its own shares that occurred on February 12, 2014. The company transferred 590 ordinary shares from its treasury to a participant in an employee share scheme at a price of £11.19 per share. This transaction resulted in CRH plc holding 5,922,679 ordinary shares in treasury, with the total number of ordinary shares in issue, excluding treasury shares, standing at 733,308,921. While the transaction size is very small relative to the total shares outstanding, this filing provides transparency regarding the company's treasury stock movements and its employee incentive programs. Investors monitoring CRH's capital structure or its engagement with employee share schemes will find this information relevant. The filing confirms CRH operates as a foreign private issuer, filing its annual reports under Form 20-F.

Key Highlights

  • 1CRH plc re-issued 590 treasury shares on February 12, 2014.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The transaction price was £11.19 per ordinary share.
  • 4Following the transaction, CRH holds 5,922,679 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 733,308,921.
  • 6The filing is a Form 6-K, typical for foreign private issuers.
  • 7CRH plc confirms it files annual reports under Form 20-F.

Frequently Asked Questions

The significance is primarily one of transparency regarding the company's capital structure and employee compensation plans. The transaction itself is very small in scale compared to the total shares outstanding, so it's unlikely to have a material impact on the share price or the company's overall financial standing. It confirms CRH utilizes employee share schemes and manages its treasury stock.

CRH is a foreign private issuer, and Form 6-K is used by such companies to report material information required by their home country's laws or stock exchanges, or to furnish other information to the SEC. This particular filing reports a transaction in its own shares, which is a common practice for foreign issuers to keep the SEC informed of significant corporate events.

Treasury shares are shares that a company has repurchased from the open market but has not yet cancelled. Companies hold treasury shares for various reasons, including funding employee stock option plans, facilitating future acquisitions, or managing share buyback programs. In this case, the treasury shares were used to satisfy an obligation under an employee share scheme.

The price of £11.19 per share represents the value at which the treasury shares were transferred to the employee. Investors can use this price as a reference point for the cost basis of those specific shares or for understanding the valuation used in employee share schemes at that particular time. It's not necessarily indicative of the market price on that date without further context.