8-K

CRH PUBLIC LTD CO 8-K Report (Oct 23, 2014)

Filed October 23, 2014For Securities:CRH

Summary

This 8-K filing by CRH Public Limited Company (CRH) on October 23, 2014, reports on the re-issuance of treasury shares to participants in its employee share schemes. Specifically, CRH transferred 8,177 ordinary shares on October 22, 2014, at varying prices in Euros and Pounds Sterling. This transaction is a routine disclosure related to equity-based compensation. Following this re-issuance, CRH's total holdings of ordinary shares in treasury decreased, leaving them with 3,932,301 treasury shares. The total number of ordinary shares outstanding, excluding these treasury shares, stands at 739,380,935. Investors should note this is a common practice for companies to manage their equity and incentivize employees.

Key Highlights

  • 1CRH plc re-issued 8,177 Ordinary Shares from treasury on October 22, 2014.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3Transaction prices varied, with shares issued at €11.18, €12.82, and £11.19 per Ordinary Share.
  • 4Following the re-issuance, CRH holds 3,932,301 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is 739,380,935.
  • 6This filing is a Form 6-K, reporting on events concerning a foreign private issuer.

Frequently Asked Questions

The main purpose of this 8-K filing is to report the re-issuance of CRH's treasury shares to employees participating in its share schemes. This is a disclosure requirement for significant corporate events.

The re-issuance of treasury shares reduces the number of shares held in treasury. The total number of shares outstanding (excluding treasury shares) remains the same, as these were previously issued shares being re-allocated. The filing confirms the updated treasury share balance.

Companies re-issue treasury shares primarily to fulfill obligations under employee stock options, restricted stock units, or other employee share purchase plans. It's a way to provide equity-based compensation and incentivize employees without issuing new shares from authorized capital.

Shares held in 'Treasury' are shares that a company has repurchased from the open market but has not yet retired. These shares are no longer considered outstanding and do not carry voting rights. Companies can hold treasury shares for various purposes, including re-issuance for employee compensation, stock buybacks, or to offset dilution.