8-K

CRH PUBLIC LTD CO 8-K Report (Jan 15, 2015)

Filed January 15, 2015For Securities:CRH

Summary

CRH plc has filed a Form 6-K detailing a transaction involving its own shares. On January 14, 2015, the company re-issued 15,574 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €11.18 to €17.30 per share. This transaction has a minor impact on the total number of shares outstanding, as these were treasury shares being put back into circulation. Following this re-issuance, CRH plc now holds 3,759,881 ordinary shares in treasury, and the total number of ordinary shares in issue, excluding treasury shares, stands at 740,766,055. This filing primarily serves as an update on share capital management and employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 15,574 ordinary shares from treasury on January 14, 2015.
  • 2The re-issuance was to participants in CRH's employee share schemes.
  • 3Share prices for the re-issued shares ranged from €11.18 to €17.30.
  • 4Following the transaction, CRH holds 3,759,881 ordinary shares in treasury.
  • 5The number of ordinary shares in issue (excluding treasury shares) is now 740,766,055.

Frequently Asked Questions

This filing (Form 6-K) serves as an update to inform stakeholders about a specific transaction involving the company's own shares, specifically the re-issuance of treasury shares to employees under share schemes.

This transaction involves re-issuing shares already held in treasury. Therefore, it does not change the total number of shares previously issued by CRH but rather reduces the number of shares held in treasury and slightly increases the number of shares held by the public (employees in this case).

Treasury shares are shares that a company has repurchased from the open market. Companies typically hold treasury shares to fulfill obligations under employee stock options or share purchase plans, or for future acquisitions. Re-issuing them allows the company to provide equity-based compensation to employees without issuing new shares.

This price range indicates the value attributed to the shares at the time of their transfer to employees, likely reflecting the market price or a predetermined value set by the share scheme's rules. It shows the economic value being transferred to employee participants.