8-K

CRH PUBLIC LTD CO 8-K Report (Aug 14, 2015)

Filed August 14, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On August 12, 2015, the company transferred 3,327 ordinary shares from its treasury stock to a participant in an employee share scheme. The shares were transferred at a price of €21.5235 per share. This transaction is routine and relates to the company's employee incentive programs. Following this transfer, CRH's total treasury shares now stand at 1,547,086, with 822,075,398 ordinary shares remaining in issue. Investors should note that such transactions are common for companies with employee stock plans and generally do not indicate a change in the company's core business or financial health, but rather reflect the management of share capital and employee compensation.

Key Highlights

  • 1CRH plc transferred 3,327 Ordinary Shares from treasury on August 12, 2015.
  • 2The transaction was part of an employee share scheme.
  • 3The transfer price per Ordinary Share was €21.5235.
  • 4Following the transaction, CRH holds 1,547,086 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue (excluding Treasury Shares) is 822,075,398.
  • 6The filing was made on Form 6-K on August 13, 2015.
  • 7This is a report of a foreign private issuer.

Frequently Asked Questions

This filing is a Form 6-K, which is a report required for foreign private issuers. It specifically reports on CRH plc's transaction involving the re-issuance of treasury shares to an employee share scheme participant.

The transfer of shares from treasury to an employee share scheme is a standard practice for managing employee compensation and incentives. It typically does not signal a material change in the company's financial position or strategic direction. The number of shares transferred is relatively small compared to the total shares outstanding.

This transaction involves re-issuing shares that were already held in treasury. Therefore, it does not change the total number of outstanding shares in issue. It only reduces the number of shares held in treasury and increases the number of shares held by employees under the scheme. The total number of issued shares (excluding treasury) remains 822,075,398.

Treasury shares are shares that a company has repurchased from the open market or that were not issued when the company was founded. Companies hold these shares and can use them for various purposes, such as employee stock options, stock dividends, or future acquisitions, without issuing new shares.