Summary
This 8-K filing from CRH Public Limited Company (CRH) on February 5, 2015, reports on the re-issuance of treasury shares for an employee share scheme. The company transferred 1,748 ordinary shares at a price of €12.82 per share on February 4, 2015. This transaction had a minimal impact on the total number of shares outstanding. Following the transfer, CRH's treasury stock balance decreased slightly, with 3,753,915 ordinary shares held in treasury and 740,772,021 ordinary shares remaining in issue (excluding treasury shares). Investors should note this is a routine share-based compensation event.
Key Highlights
- 1CRH plc re-issued 1,748 ordinary shares from treasury on February 4, 2015.
- 2The shares were transferred to participants in an employee share scheme.
- 3The re-issuance price was €12.82 per ordinary share.
- 4Following the transaction, CRH holds 3,753,915 ordinary shares in treasury.
- 5The total number of ordinary shares in issue (excluding treasury shares) is 740,772,021.
- 6This filing is made on Form 6-K, indicating it's a report from a foreign private issuer.
- 7The transaction is considered routine for employee compensation plans.
Frequently Asked Questions
The primary purpose of this filing was to report CRH plc's re-issuance of treasury shares to participants in an employee share scheme. This is a standard disclosure for transactions involving company stock.
This transaction has a very small impact on the total number of shares outstanding. While 1,748 shares were moved from treasury stock (which are not considered outstanding) to be held by employees, the number of shares in issue (excluding treasury) remains substantial at 740,772,021. The net effect on shares held by the public is negligible.
No, this transaction is not indicative of financial distress. It represents the fulfillment of obligations under an employee share scheme, which is a common practice for companies to incentivize and retain employees. The scale of the transaction is very minor relative to CRH's total share count.
The price of €12.82 per share is the price at which the treasury shares were transferred to employees under the terms of the employee share scheme. This price is typically determined by the scheme's rules, which may be linked to market prices or a set valuation at the time of grant or exercise.