8-K

CRH PUBLIC LTD CO 8-K Report (Apr 10, 2015)

Filed April 10, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 10, 2015, to report on a transaction involving its own shares. The company re-issued treasury shares to participants of its employee share schemes. This transaction involved the transfer of 28,335 ordinary shares at specified Euro and Pound Sterling prices. Following this re-issuance, CRH's treasury share balance stands at 2,450,322 ordinary shares. The total number of ordinary shares outstanding, excluding treasury shares, is reported as 816,115,529. This filing is routine for companies managing their share capital and employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 28,335 ordinary shares from treasury to participants in its employee share schemes.
  • 2The re-issuance occurred on April 10, 2015.
  • 3Shares were transferred at prices of €18.7463, €18.8545, and £12.9574 per ordinary share.
  • 4Following the transaction, CRH holds 2,450,322 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 816,115,529.

Frequently Asked Questions

Re-issuing treasury shares to employee share schemes is a common practice for companies to fulfill obligations under their stock option plans, restricted stock units, or other equity-based compensation programs. It allows employees to benefit from share ownership, aligning their interests with those of shareholders.

When treasury shares are re-issued, they are effectively returned to the pool of outstanding shares. In this case, the number of shares in issue (excluding treasury shares) remains 816,115,529, indicating that the re-issuance did not change the total outstanding share count but rather reduced the treasury share balance and increased the actively held shares.

The prices reflect the value of the shares at the time of the transaction, likely determined by the terms of the employee share schemes, which could be based on the market price, a pre-determined formula, or a specific grant price. The use of both Euro and Pound Sterling prices suggests CRH operates in or has employees in both currency regions.