8-K

CRH PUBLIC LTD CO 8-K Report (Dec 4, 2014)

Filed December 4, 2014For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on December 4, 2014, to report on transactions involving its own shares. The company announced the re-issuance of treasury shares to participants in its employee share schemes. This action is a common practice for companies to manage their equity and incentivize employees. Specifically, CRH transferred 6,846 Ordinary Shares on December 3, 2014. The shares were issued at a price of €11.18 per share for euro-denominated transactions and within a range of £11.19 to £11.36 per share for sterling-denominated transactions. This activity resulted in a slight decrease in the number of treasury shares held by the company. While not a significant strategic shift, these transactions provide insight into CRH's share management practices and its commitment to employee participation.

Key Highlights

  • 1CRH plc announced the re-issuance of treasury shares on December 3, 2014.
  • 26,846 Ordinary Shares were transferred to participants in employee share schemes.
  • 3The re-issue price was €11.18 per Ordinary Share for euro transactions.
  • 4The re-issue price ranged from £11.19 to £11.36 per Ordinary Share for sterling transactions.
  • 5Following these transactions, CRH plc holds 3,814,298 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares in issue, excluding treasury shares, is 740,711,638.

Frequently Asked Questions

This Form 6-K filing is primarily informational, detailing CRH's internal transaction of re-issuing treasury shares to employees under its share schemes. For investors, it confirms the company's ongoing practice of using treasury shares for employee incentives and provides an update on the number of shares held in treasury versus outstanding shares. It does not signal a major strategic change or a new issuance of equity to the public market.

Companies like CRH hold shares in treasury for various reasons, including satisfying obligations under employee stock option plans and share purchase schemes, or for potential future acquisitions or corporate restructuring. This filing indicates that a portion of CRH's treasury shares were used to fulfill employee entitlements.

The re-issuance of a relatively small number of treasury shares (6,846) to employees is unlikely to have a material impact on CRH's stock price or overall earnings. These shares were already issued and outstanding at some point, and are now being transferred from treasury back into circulation to meet employee compensation obligations. The primary effect is a reduction in the treasury share balance and a slight adjustment to the number of outstanding shares.

The shares were re-issued at a price of €11.18 per Ordinary Share for euro-denominated transactions and at prices between £11.19 and £11.36 per Ordinary Share for sterling-denominated transactions. These prices likely reflect the market value or a predetermined calculation method for the employee share schemes at the time of the transaction.