Summary
This 8-K filing from CRH Public Limited Company (CRH) reports on a transaction involving its own shares. On February 26, 2015, CRH transferred 42,328 ordinary shares to the trustees of an employee share participation scheme. This transfer was executed at a price of €24.90 per share. Following this transaction, CRH's treasury share balance decreased to 3,526,847 ordinary shares. The total number of ordinary shares outstanding, excluding treasury shares, is now 815,039,004. This filing primarily serves to update the market on changes to the company's share structure due to employee benefit programs.
Key Highlights
- 1CRH transferred 42,328 ordinary shares to an employee share participation scheme.
- 2The transaction occurred on February 26, 2015.
- 3The transfer price was €24.90 per ordinary share.
- 4CRH's treasury shares decreased by 42,328.
- 5The company now holds 3,526,847 ordinary shares in treasury.
- 6The total number of outstanding ordinary shares (excluding treasury) is 815,039,004.
Frequently Asked Questions
The shares were transferred to the Trustees of an employee share participation scheme, indicating the company is utilizing its shares to reward or incentivize employees.
This specific transaction reduced the number of shares held in treasury by 42,328. The total number of outstanding shares (excluding treasury shares) remains largely unaffected, as these were treasury shares being re-issued.
Treasury shares are shares that a company has bought back from the open market or had issued and later reacquired. They are not considered outstanding shares for voting or dividend purposes and can be re-issued for various corporate purposes, such as employee stock options or acquisitions.
The value of the shares transferred is based on the transaction price of €24.90 per share, totaling approximately €1,053,925.20 (42,328 shares * €24.90/share).