8-K

CRH PUBLIC LTD CO 8-K Report (Aug 28, 2014)

Filed August 28, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on August 28, 2014, detailing a transaction involving its own shares. The company re-issued 5,474 ordinary shares from its treasury stock to participants in its employee share schemes. These shares were transferred at varying prices, denominated in both Euros (€11.18) and Pounds Sterling (£11.19 and £11.36) per share. This transaction represents a routine management of equity for employee compensation programs. Following this re-issuance, CRH's treasury stock balance was adjusted to 3,977,400 ordinary shares. The total number of outstanding ordinary shares, excluding those held in treasury, is now 739,335,836. Investors should note that this is a standard practice for companies with employee stock options or share plans and does not indicate any fundamental shift in the company's financial performance or strategic direction. The filing was made by the Finance Director, Maeve Carton.

Key Highlights

  • 1CRH plc re-issued 5,474 ordinary shares from treasury stock on August 27, 2014.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3Re-issuance prices varied: €11.18 per share in Euros, and £11.19 and £11.36 per share in Pounds Sterling.
  • 4Following the transaction, CRH holds 3,977,400 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 739,335,836.
  • 6This filing is a Form 6-K, indicating it's a report of a foreign private issuer.
  • 7The transaction is a standard equity management activity related to employee compensation.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report CRH plc's re-issuance of 5,474 ordinary shares from its treasury stock to employees participating in its share schemes. It also updates the company's treasury share balance and total shares outstanding.

The filing states the prices in both currencies for the shares transferred. While the specific Euro to Pound Sterling exchange rate on August 27, 2014, would determine their exact equivalence, the different denominations suggest shares may have been granted or purchased under terms denominated in either currency, or reflect different grant dates or conditions.

No, this is a routine transaction related to employee compensation through share schemes. It does not represent a new business venture, a significant asset acquisition or disposition, or a change in the company's core operations that would directly impact financial performance in a material way. It primarily affects the number of shares outstanding and treasury stock.

The re-issuance of treasury shares reduces the number of shares held by the company in treasury. This increases the number of outstanding shares available to the public, which can slightly dilute earnings per share (EPS) if net income remains constant. However, the increase is minimal in this case and is part of standard employee benefit programs.