Summary
CRH Public Limited Company (CRH) filed a Form 6-K on March 27, 2015, reporting a transaction involving its own shares. The company transferred 27,226 ordinary shares to participants in an employee share scheme. This action is part of CRH's ongoing management of its share capital, specifically concerning treasury shares and employee compensation. Following this transfer, CRH's total holdings of ordinary shares in treasury decreased, with the company now holding 2,624,343 treasury shares. The total number of ordinary shares in issue, excluding treasury shares, stands at 815,941,508. This filing provides transparency regarding the company's share structure and its engagement with employee incentive programs.
Key Highlights
- 1CRH plc transferred 27,226 ordinary shares on March 27, 2015.
- 2The shares were transferred to participants in an employee share scheme.
- 3The transaction involved re-issuing treasury shares.
- 4The average prices for the transferred shares were €18.7463 and €18.8545 per share.
- 5Following the transaction, CRH holds 2,624,343 ordinary shares in treasury.
- 6The total number of ordinary shares in issue (excluding treasury shares) is 815,941,508.
Frequently Asked Questions
The purpose of the share transaction was to transfer ordinary shares from CRH's treasury stock to participants in an employee share scheme. This is a common practice for companies to use treasury shares for employee compensation and incentive programs.
This transaction involved the re-issuance of treasury shares, meaning shares that were previously held by the company were transferred to employees. It does not change the total number of shares outstanding, but it does reduce the number of shares held in treasury and increases the number of shares available for trading or held by beneficial owners.
Treasury shares are shares that a company has repurchased from the open market or that were not issued in an initial public offering. These shares are held by the company and are not considered outstanding for voting or dividend purposes. Companies often hold treasury shares to use for employee stock options, stock purchase plans, acquisitions, or to potentially reissue them later.
After the transfer of 27,226 treasury shares, CRH plc has 815,941,508 ordinary shares in issue, excluding the 2,624,343 ordinary shares held in treasury.