8-K

CRH PUBLIC LTD CO 8-K Report (Oct 30, 2014)

Filed October 30, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on October 30, 2014, reporting a transaction involving its own shares. On October 29, 2014, the company transferred 6,355 ordinary shares from its treasury stock to participants in its employee share schemes. These shares were transferred at various prices denominated in Euros and Pounds Sterling. This transaction results in a slight reduction in CRH's treasury stock holdings. Following the transfer, CRH holds 3,925,946 ordinary shares in treasury, with the total number of ordinary shares outstanding (excluding treasury shares) standing at 740,599,990. Investors should note that this is a routine share issuance related to employee compensation, rather than a significant corporate event impacting the company's overall financial position or strategic direction.

Key Highlights

  • 1CRH plc reported a transaction involving its treasury shares on October 29, 2014.
  • 26,355 ordinary shares were transferred to employees participating in share schemes.
  • 3The shares were transferred at prices of €11.18, €12.82, and £11.36 per share.
  • 4Following the transaction, CRH's treasury shares decreased.
  • 5CRH now holds 3,925,946 ordinary shares in treasury.
  • 6The total number of outstanding ordinary shares (excluding treasury) is 740,599,990.

Frequently Asked Questions

The primary purpose of this Form 6-K filing was to report a transaction where CRH Public Limited Company re-issued treasury shares to employees participating in its share schemes.

This transaction involves the re-issuance of shares already held in treasury. Therefore, it does not change the total number of issued shares, but it does reduce the number of shares held in treasury and consequently increases the number of shares outstanding (excluding treasury shares) by 6,355. The total number of outstanding ordinary shares (excluding treasury) is now 740,599,990.

The prices reflect the market value of CRH's ordinary shares at the time of transfer, with different prices for Euro and Sterling denominated transactions. These prices are relevant for accounting purposes related to employee compensation but do not represent a material change in the company's valuation or a strategic capital event.

Treasury shares are shares that a company has repurchased from the open market or, as in this case, were previously issued and later reacquired. Companies often hold treasury shares to use for employee stock options, employee stock purchase plans, or future acquisitions. Holding treasury shares does not count towards the total number of outstanding shares in issue.