8-K

CRH PUBLIC LTD CO 8-K Report (Jan 29, 2015)

Filed January 29, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on January 29, 2015, to report on the re-issuance of treasury shares. The company transferred 4,218 ordinary shares to a participant in an employee share scheme on January 28, 2015, at prices between €17.30 and €18.8545 per share. This transaction has a minor impact on the total shares outstanding, reflecting CRH's ongoing practice of managing its share capital for employee incentives. This filing provides transparency regarding the company's share structure and its use of treasury shares for employee compensation. Investors interested in CRH's capital management and shareholder dilution should note these movements. The net effect on shares outstanding is a slight reduction, as treasury shares are re-issued. The company continues to hold a significant number of shares in treasury, which could be used for future corporate actions or employee schemes.

Key Highlights

  • 1CRH plc re-issued 4,218 ordinary shares from its treasury stock.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The transaction occurred on January 28, 2015.
  • 4The prices per share ranged from €17.30 to €18.8545.
  • 5Following this transaction, CRH plc holds 3,755,663 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue (excluding treasury shares) is 740,770,273.

Frequently Asked Questions

This filing (a Form 6-K for CRH) is primarily to report the re-issuance of treasury shares by CRH plc to an employee share scheme participant and to update the company's outstanding share count.

Treasury shares are shares that a company has repurchased from the open market. Companies re-issue treasury shares for various reasons, including fulfilling obligations under employee stock option plans, employee share purchase plans, or for mergers and acquisitions. In this case, the shares were used for an employee share scheme.

This transaction slightly reduces the number of shares held in treasury and increases the number of shares outstanding by 4,218. The total shares in issue (excluding treasury shares) remain the vast majority of CRH's capital.

The financial impact is relatively minor. The company received proceeds from the sale of these shares, which will be reflected in its cash balance. The primary purpose is to compensate employees, not to raise significant capital.