Summary
This 8-K filing from CRH Public Limited Company (CRH) reports on the re-issuance of treasury shares on March 25, 2015. CRH transferred 134,093 ordinary shares to participants in its employee share schemes. These shares were transferred at varying prices denominated in both Euros and Pounds Sterling, reflecting market conditions at the time of the transactions. Following this re-issuance, CRH now holds 2,651,569 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding these treasury shares, stands at 815,914,282. This action is primarily related to the company's employee incentive programs and impacts the overall share count held by the public.
Key Highlights
- 1CRH plc re-issued 134,093 ordinary shares from its treasury on March 25, 2015.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3Transaction prices varied, ranging from €16.58 to €21.5235 per share and £12.9574 per share.
- 4Following the re-issuance, CRH's treasury share balance is now 2,651,569 Ordinary Shares.
- 5The number of CRH Ordinary Shares in issue, excluding treasury shares, is 815,914,282.
- 6The filing indicates CRH operates under Form 20-F for its annual reports, signifying its status as a foreign private issuer.
Frequently Asked Questions
Re-issuing treasury shares is typically done to fulfill obligations under employee stock option plans, stock purchase plans, or other employee compensation and incentive programs. In this case, CRH transferred shares to participants in its employee share schemes.
The re-issuance of treasury shares decreases the number of shares held in treasury but does not change the total number of shares outstanding that are held by the public, as these shares were already issued and held by the company. However, it does reduce the number of shares classified as 'treasury shares' and increases the number of shares 'in issue' held by employees. The net effect on the total number of shares in issue to the public is an increase of 134,093.
CRH is a public limited company incorporated in Ireland, but it operates internationally, including in the United Kingdom. The different currency prices reflect the company's global operations and the respective currencies in which its employee share schemes are denominated or traded.
Filing under Form 20-F indicates that CRH is a 'foreign private issuer' as defined by the U.S. Securities and Exchange Commission (SEC). This means CRH is incorporated outside the United States and is subject to different reporting requirements than domestic U.S. companies, though it still complies with SEC regulations.