Summary
CRH Public Limited Company (CRH) has filed a Form 6-K to report on a transaction involving its own shares. On August 27, 2015, CRH re-issued 17,337 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at specified prices in both Euros and Pounds Sterling, reflecting the relevant market values at the time. This transaction has resulted in a slight decrease in the number of treasury shares held by CRH. Following the re-issuance, the company now holds 1,417,932 ordinary shares in treasury, with 822,204,552 ordinary shares remaining in issue. This action is a standard practice for companies managing their share capital and incentivizing employees through stock-based compensation plans.
Key Highlights
- 1CRH plc re-issued 17,337 ordinary shares from treasury on August 27, 2015.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3Transaction prices varied: €13.64 per share and between £11.19 and £14.94 per share.
- 4Following the transaction, CRH holds 1,417,932 ordinary shares in treasury.
- 5The total number of ordinary shares in issue (excluding treasury shares) is 822,204,552.
Frequently Asked Questions
The primary purpose of this filing is to report the re-issuance of treasury shares by CRH plc to its employees under share schemes. This is a disclosure requirement to keep investors informed about changes in the company's issued share capital and treasury stock.
The re-issuance of shares from treasury reduces the number of shares held in treasury. The total number of ordinary shares in issue (excluding treasury shares) remains largely the same, but the composition of CRH's share capital is adjusted. In this case, 17,337 shares were moved from treasury to employee hands.
Companies like CRH re-issue shares to employees as part of their compensation and incentive programs, often through stock options or share purchase plans. This aligns employee interests with shareholder value and can help attract and retain talent.
Treasury shares are shares that a company has repurchased from the open market or, as in this case, previously issued and subsequently reacquired. These shares are held by the company itself and are not considered outstanding for voting or dividend purposes until they are re-issued or cancelled.