8-K

CRH PUBLIC LTD CO 8-K Report (Aug 21, 2014)

Filed August 21, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on August 21, 2014, to report on a transaction involving its own shares. The company re-issued 27,729 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred on August 20, 2014, at varying prices denominated in both Euros and Pounds Sterling, reflecting market conditions at the time of issuance. This transaction is significant for investors as it impacts the number of shares outstanding and the company's treasury stock balance. Following this re-issuance, CRH now holds 3,982,874 ordinary shares in treasury. The total number of ordinary shares currently in issue, excluding these treasury shares, stands at 739,330,362. This disclosure provides transparency regarding CRH's share capital management and its commitment to employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 27,729 Ordinary Shares from treasury on August 20, 2014.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices varied between €11.18 and €16.58 per share, and £11.19 per share.
  • 4Following the re-issuance, CRH plc holds 3,982,874 Ordinary Shares in Treasury.
  • 5The number of Ordinary Shares in issue (excluding Treasury Shares) is 739,330,362.
  • 6The filing is made on Form 6-K, indicating it's a report of a foreign private issuer.
  • 7The filing date was August 21, 2014.

Frequently Asked Questions

The main purpose of this filing was to report the re-issuance of treasury shares to employees participating in CRH's share schemes and to update the company's outstanding share count and treasury stock balance.

Re-issuing treasury shares to employees is a common practice for companies to use as part of their incentive and compensation programs, such as stock options or employee stock purchase plans. It aligns employee interests with those of shareholders.

This transaction decreases the number of shares held in treasury by CRH, but it does not change the total number of shares outstanding for the purpose of earnings per share calculations. The shares were already issued and previously held by the company. The filing clarifies the number of shares in issue excluding treasury shares, which is 739,330,362.

The varying prices in both Euros and Pounds Sterling likely reflect the specific terms of the employee share schemes under which the shares were transferred, possibly tied to the price at which the shares were originally acquired or a formula based on market prices at different times.