8-K

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

Filed November 21, 2014For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) dated November 21, 2014, reports on transactions involving the re-issuance of treasury shares related to employee share schemes. On November 20, 2014, CRH transferred a total of 87,166 ordinary shares. These shares were transferred to participants in its employee share schemes at varying prices in Euros and Pounds Sterling, and also to the Trustees of its employee share participation schemes at a specific Euro price. Following these transfers, CRH's total holdings of ordinary shares in treasury have decreased to 3,831,795. The total number of outstanding ordinary shares, excluding those held in treasury, is now 740,694,141. This disclosure provides transparency regarding the company's share capital management and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued treasury shares on November 20, 2014, as part of employee share schemes.
  • 2A total of 9,984 Ordinary Shares were transferred to participants in employee share schemes at prices between €11.18-€12.82 and £11.19-£11.36.
  • 3An additional 77,182 Ordinary Shares were transferred to the Trustees of employee share participation schemes at €17.045 per share.
  • 4Following these transactions, CRH's treasury share balance reduced to 3,831,795 Ordinary Shares.
  • 5The total number of outstanding Ordinary Shares, excluding treasury shares, is now 740,694,141.
  • 6The filing is made under Form 6-K, indicating CRH is a foreign private issuer that files annual reports on Form 20-F.

Frequently Asked Questions

The main purpose of this filing was to report on the re-issuance of CRH's treasury shares to participants and trustees of its employee share schemes. This is a routine disclosure to update the market on the company's share capital.

This transaction reduced the number of shares held in treasury. The total number of outstanding shares (excluding treasury shares) remained at 740,694,141, as the re-issued shares were previously held as treasury stock and are now being put back into circulation.

The shares were re-issued at different prices due to variations in the specific terms and conditions of the employee share schemes, as well as currency fluctuations (Euros and Pounds Sterling) and potentially different grant or exercise prices associated with those schemes.

Treasury shares are shares that a company has repurchased from the open market or that were not issued during an IPO. Companies hold treasury shares for various reasons, including to fulfill obligations under employee stock option plans, for potential acquisitions, or to manage share count. Re-issuing them to employees is a common use.