8-K

CRH PUBLIC LTD CO 8-K Report (Dec 11, 2014)

Filed December 11, 2014For Securities:CRH

Summary

This Form 6-K filing from CRH Public Limited Company (CRH) on December 11, 2014, details a transaction involving the re-issuance of treasury shares to participants in employee share schemes. Specifically, on December 10, 2014, CRH transferred 17,595 ordinary shares from its treasury stock to employees. The prices for these shares varied, ranging from €11.18 to €18.7463 per share in Euros, and £11.19 to £12.9574 per share in Pounds Sterling. This transaction reduces CRH's treasury share balance to 3,796,703 ordinary shares. The total number of ordinary shares outstanding, excluding treasury shares, is now reported as 740,729,233. This information is relevant for understanding the company's share capital structure and its ongoing engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 17,595 treasury shares on December 10, 2014.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3Share prices varied by currency: €11.18 - €18.7463 (Euro) and £11.19 - £12.9574 (Pound Sterling).
  • 4Following the re-issuance, CRH's treasury share holdings decreased to 3,796,703 Ordinary Shares.
  • 5The total number of issued Ordinary Shares, excluding treasury shares, is now 740,729,233.

Frequently Asked Questions

CRH re-issued treasury shares to fulfill obligations under its employee share schemes, which is a common practice for companies to reward and incentivize their employees.

This transaction reduces the number of shares held in treasury, but the total number of issued shares (excluding treasury shares) remains at 740,729,233. The re-issuance means these shares are now in the hands of employees rather than held by the company as treasury stock.

The different price ranges reflect the currency of the transaction and potentially the specific terms or timing of the employee share schemes under which the shares were issued. Some schemes may be denominated in Euros and others in Pounds Sterling.

Treasury shares are shares that a company has repurchased from the open market or previously issued shares that it holds and not retired. Companies often hold these shares to fulfill stock option plans, employee share purchase programs, or for future acquisitions.