8-K

CRH PUBLIC LTD CO 8-K Report (Apr 10, 2014)

Filed April 10, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K, a report of a foreign private issuer, to disclose a transaction involving its own shares. On April 9, 2014, the company re-issued 8,380 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €18.7463 to €18.8545 and £11.19, indicating the company utilizes these schemes to reward its employees. Following this transaction, CRH now holds 4,436,989 ordinary shares in treasury. The total number of outstanding ordinary shares, excluding those held in treasury, stands at 734,794,611. This disclosure is primarily administrative, informing stakeholders about the movement of treasury shares and their impact on the total issued share count. While not indicative of major strategic shifts, it provides transparency regarding employee incentive programs and share capital management.

Key Highlights

  • 1CRH plc re-issued 8,380 ordinary shares from treasury on April 9, 2014.
  • 2The re-issuance was to participants in CRH's employee share schemes.
  • 3Share prices for the re-issuance were €18.7463, €18.8545, and £11.19 per ordinary share.
  • 4Following the transaction, CRH holds 4,436,989 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 734,794,611.
  • 6This filing is a Form 6-K, reporting on a transaction by a foreign private issuer.
  • 7The filing was made on April 10, 2014.

Frequently Asked Questions

The main purpose of this filing (a Form 6-K) is to report that CRH plc re-issued a portion of its treasury shares to employees participating in its share schemes. It also updates the number of shares held in treasury and the total number of outstanding shares.

Treasury shares are shares that a company has repurchased from the open market or, as in this case, were not initially issued. Companies typically hold treasury shares for various purposes, including employee stock options and share purchase plans, potential future acquisitions, or to manage their share capital.

This specific transaction reduced the number of treasury shares by 8,380, but the number of outstanding shares (excluding treasury shares) remained unchanged as these shares were transferred from treasury to employees. The total number of issued shares (including treasury) would decrease by 8,380. The filing confirms that after the transaction, there are 734,794,611 ordinary shares in issue, excluding treasury shares.

The prices (€18.7463, €18.8545, and £11.19) reflect the market value of CRH's shares at the time of the transaction and are used for the issuance to employees under the share schemes. Investors can use these prices as a reference point to understand the valuation of CRH's stock around April 2014.