8-K

CRH PUBLIC LTD CO 8-K Report (Jun 5, 2014)

Filed June 5, 2014For Securities:CRH

Summary

This 8-K filing by CRH Public Limited Company (CRH) on June 5, 2014, reports on a transaction involving the re-issuance of treasury shares. Specifically, CRH transferred 1,843 Ordinary Shares from its treasury stock to participants in its employee share schemes. The shares were transferred at prices of £11.55 and £12.9574 per share. This action reduces the number of shares held in treasury and increases the number of outstanding shares available to the public. Following this transaction, CRH's treasury share balance decreased to 4,319,204 Ordinary Shares, while the total number of issued ordinary shares, excluding treasury shares, stands at 738,994,032. Investors should note that such re-issuance from treasury stock is a common practice for employee compensation and does not represent new equity issuance or impact the company's underlying business operations directly. It primarily affects the share count for metrics like earnings per share.

Key Highlights

  • 1CRH plc re-issued 1,843 Ordinary Shares from its treasury stock.
  • 2The re-issuance was to participants in employee share schemes.
  • 3Transaction occurred on June 4, 2014.
  • 4Transfer prices ranged from £11.55 to £12.9574 per Ordinary Share.
  • 5CRH's treasury share balance decreased to 4,319,204 shares following the transaction.
  • 6The number of issued Ordinary Shares (excluding treasury) is now 738,994,032.

Frequently Asked Questions

This filing (Form 6-K) was made to report on the re-issuance of CRH's own shares that were previously held in treasury. This is typically done to fulfill obligations related to employee share schemes.

This transaction reduces the number of shares held in CRH's treasury. The total number of outstanding shares increases slightly as these shares are transferred from treasury stock to employee participants.

These are existing shares that CRH previously repurchased and held in its treasury. They are not new shares created by the company; rather, they are being transferred from the company's holdings back into circulation.

These prices represent the value at which the treasury shares were transferred to employees under the terms of the company's share schemes. They reflect the market value or a predetermined price set by the scheme rules at the time of transfer.