Summary
CRH plc filed a Form 6-K on July 3, 2014, to report a transaction involving its own shares. The company announced the re-issuance of 54,458 ordinary shares from its treasury stock to participants in its employee share schemes. This transaction occurred on July 2, 2014, with the shares transferred at prices ranging from £11.19 to £11.55 per share. This filing provides an update on CRH's treasury stock and issued shares. Following this re-issuance, CRH plc now holds 4,126,174 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding those held in treasury, stands at 739,187,062. This information is relevant for investors monitoring share capital and potential dilution.
Key Highlights
- 1CRH plc re-issued 54,458 ordinary shares from treasury stock on July 2, 2014.
- 2The shares were transferred to participants in employee share schemes.
- 3Transaction prices ranged from £11.19 to £11.55 per ordinary share.
- 4Following the transaction, CRH holds 4,126,174 ordinary shares in treasury.
- 5The total number of issued ordinary shares (excluding treasury) is 739,187,062.
Frequently Asked Questions
The primary purpose of this Form 6-K filing is to inform the U.S. Securities and Exchange Commission (SEC) and investors about CRH plc's re-issuance of treasury shares to employees under its share schemes.
Treasury shares are shares that a company has repurchased from the open market and holds on its balance sheet. Companies often re-issue treasury shares to fulfill obligations under employee stock option plans, restricted stock awards, or employee stock purchase plans, as reported in this case.
The re-issuance of shares from treasury generally does not dilute existing shareholders' value in the same way as issuing new shares from authorized but unissued capital. This is because these shares were already outstanding and repurchased previously. However, it does increase the total number of issued shares if considering shares currently in treasury versus those truly outstanding.
The number of shares held in treasury indicates the amount of the company's own stock it has repurchased. It also affects the calculation of metrics like earnings per share (EPS), as EPS is typically calculated based on the weighted average number of outstanding shares excluding treasury shares.