8-K

CRH PUBLIC LTD CO 8-K Report (Aug 24, 2015)

Filed August 24, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on August 24, 2015, to report a transaction involving its own shares. Specifically, on August 19, 2015, CRH transferred 111,817 Ordinary Shares from its treasury to participants in its employee share schemes. These transfers occurred at varying prices denominated in both Euros and Pounds Sterling, reflecting a range of values for the company's shares. This transaction resulted in a reduction of CRH's treasury share holdings. Following the transfer, CRH now holds 1,435,269 Ordinary Shares in treasury. The total number of Ordinary Shares in issue, excluding these treasury shares, stands at 822,187,215. For investors, this filing primarily relates to share count adjustments and the ongoing use of treasury shares for employee compensation, rather than a material strategic or financial event.

Key Highlights

  • 1CRH plc re-issued treasury shares on August 19, 2015.
  • 2A total of 111,817 Ordinary Shares were transferred to employees participating in share schemes.
  • 3Share transfers were conducted at prices ranging from €13.64 to €26.1493 and £11.19 to £14.94.
  • 4Following the transaction, CRH holds 1,435,269 Ordinary Shares in Treasury.
  • 5The number of Ordinary Shares currently in issue (excluding treasury shares) is 822,187,215.
  • 6This filing (Form 6-K) serves as a notification of these share-related activities.

Frequently Asked Questions

The shares were transferred from CRH's treasury to participants in its employee share schemes. This is a common practice for companies to reward and incentivize employees through equity.

This transaction reduced the number of shares held in treasury, but the number of shares outstanding (excluding treasury shares) remains at 822,187,215. The total issued share capital is the sum of shares in issue and treasury shares.

CRH plc is an Irish-domiciled company, but its shares may be traded or valued in different currencies depending on the market and the specific terms of the share schemes. The varying prices likely reflect the price at the time of grant or vesting for different tranches of shares held by employees in various jurisdictions.

This is primarily an administrative event related to share management and employee compensation. While it impacts the treasury share balance, it does not represent a major strategic shift, acquisition, or financial restructuring that would typically be considered a significant financial event for the company's overall valuation.