8-K

CRH PUBLIC LTD CO 8-K Report (Aug 7, 2014)

Filed August 7, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on August 7, 2014, reporting a transaction involving its own shares. Specifically, on August 6, 2014, the company re-issued 15,475 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €11.18 to £11.36, reflecting the relevant currency at the time of the transaction. This transaction has a minor impact on CRH's outstanding share count. Following the re-issuance, CRH now holds 4,034,722 ordinary shares in treasury, with 739,278,514 ordinary shares outstanding (excluding treasury shares). For investors, this filing indicates ongoing engagement with employee incentive programs and provides an update on the company's share capital structure, though the scale of the transaction is relatively small in the context of the total shares outstanding.

Key Highlights

  • 1CRH re-issued 15,475 ordinary shares from treasury on August 6, 2014.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3The re-issuance prices varied by currency: €11.18 per share (Euro) and £11.19, £11.36 per share (Sterling).
  • 4Following the transaction, CRH holds 4,034,722 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) stands at 739,278,514.

Frequently Asked Questions

The transaction involved the re-issuance of treasury shares to participants in CRH's employee share schemes. This is a common practice to fulfill obligations under equity-based compensation plans for employees.

This transaction slightly reduces the number of shares held in treasury and has no impact on the total number of shares outstanding because treasury shares are not considered outstanding. The number of ordinary shares in issue (excluding treasury shares) remains 739,278,514.

The different prices reflect the currency in which the transactions were settled. CRH operates internationally, and employee share schemes may involve settlements in either Euros or Sterling, with the prices adjusted accordingly to the respective market rates at the time of issuance.

For most investors, this is a routine administrative transaction related to employee compensation. The number of shares re-issued is a very small percentage of the total outstanding shares, so it is unlikely to have a material impact on the company's stock price or overall financial performance. It primarily serves to update the company's treasury share balance.