8-K

CRH PUBLIC LTD CO 8-K Report (May 29, 2014)

Filed May 29, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on May 29, 2014, reporting a transaction involving its own shares. The company announced the re-issue of 8,000 Ordinary Shares from its treasury stock to a participant in an employee share scheme on May 28, 2014. These shares were transferred at a price of €17.30 per share. This transaction has a minor impact on the total number of shares outstanding but is part of CRH's ongoing employee incentive programs. Following this re-issue, CRH's treasury stock balance was adjusted to 4,321,047 Ordinary Shares. The total number of Ordinary Shares in issue, excluding treasury shares, stands at 738,992,189. Investors should note that this is a standard administrative action related to employee compensation and does not represent a material change in the company's financial position or strategic direction.

Key Highlights

  • 1CRH re-issued 8,000 Ordinary Shares from treasury stock on May 28, 2014.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The transaction price was €17.30 per Ordinary Share.
  • 4CRH's treasury stock balance decreased to 4,321,047 Ordinary Shares after the transaction.
  • 5The total number of Ordinary Shares in issue (excluding treasury shares) is 738,992,189.
  • 6This filing is a Form 6-K, indicating a report of foreign private issuer information.
  • 7The filing was made on May 29, 2014, reporting events from May 28, 2014.

Frequently Asked Questions

The 8,000 Ordinary Shares were re-issued to a participant in an employee share scheme. This is a common practice for companies to use treasury stock for employee compensation and incentive programs.

This transaction involved re-issuing shares from treasury, so it reduced the treasury stock by 8,000 shares. The number of shares in issue (excluding treasury shares) remains largely the same at 738,992,189. The total outstanding shares, including treasury shares, would decrease by 8,000.

No, this is a relatively minor transaction concerning the company's employee share scheme. The number of shares involved is small compared to the total shares in issue, and it's a standard administrative action. It does not typically signal any material change in the company's financial health or strategic outlook.

Shares held 'in Treasury' are shares that CRH has repurchased from the open market and not retired. These shares can be re-issued for various purposes, such as employee stock options, employee share schemes, acquisitions, or other corporate activities, without needing to issue new shares.