8-K

CRH PUBLIC LTD CO 8-K Report (Apr 20, 2015)

Filed April 20, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 17, 2015, to report on a transaction involving its own shares. Specifically, CRH transferred 6,654 Ordinary Shares to participants in an employee share scheme on April 17, 2015. This transaction involved the re-issuance of treasury shares at prices ranging from €18.7463 to €18.8545 per share. The company provided an update on its treasury share holdings and the total number of ordinary shares outstanding. This type of filing is important for investors to understand the impact on share count and potential dilution, as well as the company's use of treasury shares for employee compensation. The filing clarifies that following these transfers, CRH holds 2,382,534 Ordinary Shares in Treasury. The total number of Ordinary Shares in issue, excluding these treasury shares, stands at 816,183,317. Investors should note that the re-issuance of treasury shares for employee schemes is a common practice and generally does not represent new capital raised by the company, but rather a method of rewarding and incentivizing employees. The updated share count is a key metric for understanding per-share metrics like earnings per share (EPS).

Key Highlights

  • 1CRH plc re-issued 6,654 Ordinary Shares from its treasury stock.
  • 2The re-issuance was made to participants in an employee share scheme.
  • 3The transaction occurred on April 17, 2015.
  • 4The shares were transferred at prices between €18.7463 and €18.8545 per share.
  • 5Following the transaction, CRH holds 2,382,534 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares outstanding (excluding treasury shares) is 816,183,317.

Frequently Asked Questions

This Form 6-K filing reports on CRH's re-issuance of treasury shares to participants in an employee share scheme. It's a notification to the SEC and investors about a change in the company's share structure.

The re-issuance reduces the number of shares held in treasury and decreases the total number of shares outstanding by the amount re-issued. In this case, 6,654 shares were transferred out of treasury, bringing the total treasury shares down to 2,382,534 and the outstanding shares to 816,183,317.

No, this transaction involves the re-issuance of shares that the company previously repurchased and held in its treasury. It is primarily for employee compensation and does not represent new capital being raised by the company.

Treasury shares are shares that a company has bought back from the open market or previously issued shares that are held by the company itself. CRH uses these treasury shares for various purposes, such as fulfilling stock options, employee share schemes, or potential future acquisitions, rather than retiring them.