8-K

CRH PUBLIC LTD CO 8-K Report (Apr 3, 2014)

Filed April 3, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 3, 2014, to report a transaction involving its own shares. The company announced that on April 2, 2014, it re-issued 55,450 ordinary shares from its treasury stock to a participant in an employee share scheme. The re-issue price was €18.7463 per share. This transaction resulted in CRH plc holding 4,445,369 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, is now 734,786,231. This filing provides transparency on CRH's share capital management and its use of treasury shares for employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 55,450 ordinary shares from treasury stock.
  • 2The transaction occurred on April 2, 2014.
  • 3The re-issue price was €18.7463 per ordinary share.
  • 4The recipient was a participant in an employee share scheme.
  • 5CRH plc's treasury shares balance is now 4,445,369.
  • 6The total number of outstanding ordinary shares (excluding treasury) is 734,786,231.

Frequently Asked Questions

The transaction involved the re-issuance of treasury shares to a participant in an employee share scheme, likely as part of a long-term incentive or compensation plan for employees.

This specific transaction reduced the number of treasury shares but did not change the total number of shares issued. The number of ordinary shares in issue, excluding treasury shares, remains the basis for outstanding share count, which is 734,786,231 following this transaction.

The price of €18.7463 per share indicates the value at which these treasury shares were transferred to the employee. This price may be determined by the terms of the specific employee share scheme, such as market price at grant or exercise, or a pre-determined valuation.

Form 6-K is used by foreign private issuers to furnish information that they have made or are required to make public pursuant to the laws of their home country, or that they have filed or are required to file with a stock exchange. In this case, it is likely to inform the SEC and U.S. investors about a significant event related to the company's share capital, as required by Irish law or stock exchange rules.