8-K

CRH PUBLIC LTD CO 8-K Report (Jun 18, 2015)

Filed June 18, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 18, 2015, reporting on a transaction involving its own shares. The company re-issued treasury shares to participants in its employee share schemes. This action is part of CRH's ongoing strategy to manage its share capital and incentivize its workforce. Specifically, on June 17, 2015, CRH transferred 142,335 Ordinary Shares. These shares were sold at prices ranging from €16.58 to €21.5235 and £11.55 to £17.1864, reflecting different currency denominations and potentially different grant values within the schemes. This re-issuance reduces the number of shares held in treasury, impacting the total number of shares outstanding.

Key Highlights

  • 1CRH plc re-issued 142,335 Ordinary Shares from treasury on June 17, 2015.
  • 2The re-issuance was to participants in CRH's employee share schemes.
  • 3Share prices for the re-issued shares ranged from €16.58 to €21.5235 and £11.55 to £17.1864.
  • 4Following this transaction, CRH holds 1,777,594 Ordinary Shares in Treasury.
  • 5The number of Ordinary Shares currently in issue (excluding treasury shares) is 821,844,890.

Frequently Asked Questions

This filing (Form 6-K) reports on CRH plc's re-issuance of treasury shares to employees participating in its share schemes. It provides transparency on changes in the company's share capital.

Companies re-issue treasury shares primarily to fulfill obligations under employee stock options, restricted stock units, or other employee share incentive plans. This is a common way to reward and retain employees.

Yes, the re-issuance of treasury shares increases the number of shares outstanding, as these shares are moved from the company's treasury to be held by shareholders (in this case, employees). The filing provides the updated figures for treasury shares and shares in issue.

The different price ranges in Euros (€) and Pounds (£) reflect the currency in which the shares were transferred, likely corresponding to the location and compensation currency of the employee participants. It also indicates a potential variation in the share value or grant mechanism across different schemes or participants.