Summary
CRH Public Limited Company (CRH) filed a Form 6-K on February 27, 2014, reporting a transaction related to its own shares. The company transferred 45,896 Ordinary Shares from treasury to the Trustees of an employee share participation scheme. This transaction was executed at a price of €21.28 per share. This action reduces the number of shares held in treasury and is a standard mechanism for employee benefit plans. Following this transfer, CRH now holds 5,039,287 Ordinary Shares in treasury. The total number of outstanding shares, excluding treasury shares, stands at 734,192,313. This filing provides transparency on the company's share capital management and its commitment to employee incentive programs.
Key Highlights
- 1CRH transferred 45,896 Ordinary Shares from treasury to an employee share participation scheme.
- 2The transaction price was €21.28 per Ordinary Share.
- 3Following the transfer, CRH's treasury share balance decreased.
- 4The company now holds 5,039,287 Ordinary Shares in treasury.
- 5The total number of issued Ordinary Shares (excluding treasury shares) is 734,192,313.
- 6This filing is a Form 6-K, indicating it's a report by a foreign private issuer.
Frequently Asked Questions
The shares were transferred to the Trustees of an employee share participation scheme, which is a common way for companies to provide equity-based incentives or benefits to their employees.
No, this transaction involves shares moving from treasury stock (which are not considered outstanding) to be held by a trust for employees. The number of outstanding shares (734,192,313) remains unchanged; only the composition of treasury shares and shares held for employee schemes has been adjusted.
The price of €21.28 per share is the value at which CRH re-issued its treasury shares to the employee trust. This price is likely determined by the terms of the employee share participation scheme and potentially market conditions or internal valuation at the time of the transaction.
The re-issuance of treasury shares generally does not have a direct impact on the income statement. It affects the equity section of the balance sheet by reducing the number of treasury shares and potentially increasing other equity accounts depending on the accounting treatment of the employee participation scheme.