8-K

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

Filed August 10, 2015For Securities:CRH

Summary

CRH plc filed a Form 6-K on August 6, 2015, reporting a transaction involving its own shares. Specifically, on August 5, 2015, the company transferred 2,218 Ordinary Shares from its treasury to a participant in an employee share scheme. The shares were re-issued at a price of €21.5235 per share. This transaction is standard for companies with employee stock plans and impacts the number of shares held in treasury and the total number of shares outstanding. Following this re-issuance, CRH plc's treasury stock balance reduced, and the total number of issued shares (excluding treasury shares) stands at 822,072,071. Investors should note that such transactions are typical for managing employee compensation and do not represent a significant change in the company's overall financial health or strategic direction. The filing is primarily for disclosure purposes related to share management.

Key Highlights

  • 1CRH plc re-issued 2,218 Ordinary Shares from its treasury on August 5, 2015.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The re-issue price per Ordinary Share was €21.5235.
  • 4Following the transaction, CRH plc holds 1,550,413 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is 822,072,071.
  • 6This filing is made on Form 6-K, reporting foreign private issuer information.

Frequently Asked Questions

This transaction is primarily the re-issuance of treasury shares to an employee under a share scheme. For investors, it's a standard administrative action that doesn't typically signal a major change in the company's fundamental performance or strategy. It primarily affects the number of shares held in treasury and the total shares outstanding.

Treasury shares are company stock that has been repurchased by the company itself. Companies hold treasury shares for various reasons, including fulfilling employee stock options and awards, potential acquisitions, or to adjust their capital structure. In this case, the shares were re-issued to an employee.

Yes, the re-issuance of shares, which increases the total number of shares outstanding (excluding treasury shares), can dilute Earnings Per Share (EPS). However, given the relatively small number of shares re-issued (2,218 out of over 822 million), the impact on EPS is likely to be negligible.

A Form 6-K is a report of foreign private issuers filed with the SEC. It is used to furnish information which the company has made or is required to make public pursuant to the laws of its home country or which it has submitted or made or plans to submit or make public to its security holders. In this instance, it was used to report a transaction involving CRH's own shares.