8-K

CRH PUBLIC LTD CO 8-K Report (Jul 30, 2015)

Filed July 30, 2015For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) on July 30, 2015, primarily reports on the re-issuance of treasury shares to participants of its employee share schemes. Specifically, CRH transferred 9,468 Ordinary Shares at various price points denominated in both Euros (€14.79) and Pounds Sterling (£11.19 - £14.94). This action is part of CRH's ongoing management of its share capital and employee incentive programs. Following these transactions, CRH's treasury share balance has been adjusted. The company now holds 1,552,631 Ordinary Shares in Treasury. The total number of Ordinary Shares in issue, excluding these treasury shares, stands at 822,069,853. This disclosure provides transparency regarding the company's share structure and its use of treasury shares for employee compensation.

Key Highlights

  • 1CRH plc re-issued treasury shares to employees participating in its share schemes on July 29, 2015.
  • 2A total of 9,468 Ordinary Shares were transferred.
  • 3Share prices varied, with some transferred at €14.79 and others between £11.19 and £14.94.
  • 4Following the transfer, CRH holds 1,552,631 Ordinary Shares in Treasury.
  • 5The total number of issued Ordinary Shares, excluding treasury shares, is 822,069,853.
  • 6The filing is a Form 6-K, indicating it's a report from a foreign private issuer.

Frequently Asked Questions

The main purpose of this filing is to report CRH plc's re-issuance of treasury shares to participants of its employee share schemes and to update the company's outstanding share count.

Treasury shares are shares that a company has repurchased from the open market or, as in this case, were previously issued and then reacquired. Companies often hold treasury shares to use for employee stock options, employee stock purchase plans, dividend reinvestment plans, or for potential future acquisitions.

Re-issuing treasury shares generally does not have a direct impact on the company's income statement or cash flow statement at the time of re-issuance, as it's a transaction involving equity. It affects the balance sheet by reducing the number of treasury shares and increasing issued capital (if recorded as such) or retained earnings, depending on accounting treatment. It also impacts the number of outstanding shares used for calculating earnings per share (EPS).

The prices at which treasury shares are re-issued to employees are typically set by the terms of the employee share schemes. While they may be related to market prices, they are often set at a discount or a predetermined value to serve as an incentive, rather than reflecting the exact real-time market trading price.