8-K

CRH PUBLIC LTD CO 8-K Report (Apr 17, 2014)

Filed April 17, 2014For Securities:CRH

Summary

CRH plc filed a Form 6-K on April 17, 2014, to report a transaction involving its own shares. The company announced the re-issuance of treasury shares to participants in an employee share scheme on April 16, 2014. A total of 14,972 ordinary shares were transferred at prices ranging from €18.7463 to €18.8545 per share. This action is a routine part of managing employee incentive plans and impacts the company's treasury stock balance and issued share count. Following this re-issuance, CRH plc's treasury stock balance was reduced to 4,422,017 ordinary shares. The total number of outstanding ordinary shares, excluding those held in treasury, stands at 734,809,583. Investors should note that this filing primarily concerns internal share management and the execution of employee benefit programs, rather than significant operational or financial performance changes.

Key Highlights

  • 1CRH plc re-issued 14,972 ordinary shares from treasury on April 16, 2014.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The transaction prices ranged from €18.7463 to €18.8545 per ordinary share.
  • 4Following the re-issuance, CRH plc holds 4,422,017 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 734,809,583.
  • 6This filing is a Form 6-K, reporting foreign private issuer information.

Frequently Asked Questions

The main purpose of this filing was to report CRH plc's re-issuance of treasury shares to employees participating in an employee share scheme on April 16, 2014. This is a standard disclosure for such transactions.

The transaction reduced the number of shares held in treasury by 14,972. The total number of ordinary shares in issue (excluding treasury shares) remains the same at 734,809,583, as these shares were re-issued from treasury, not newly created.

The prices indicate the value at which the shares were transferred under the employee share scheme. The range of €18.7463 to €18.8545 per share provides insight into the prevailing valuation of CRH shares at the time of the transaction for employee compensation purposes.

This transaction is primarily related to employee compensation and share management. Re-issuing treasury shares for employee schemes is a common corporate practice and does not, on its own, signal distress or exceptional performance. It reflects the company's ongoing commitment to its employee incentive programs.