8-K

CRH PUBLIC LTD CO 8-K Report (Sep 3, 2015)

Filed September 3, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 3, 2015, to report a transaction involving its own shares. The company announced the re-issue of treasury shares to participants in an employee share scheme. This transaction involved 29,526 ordinary shares transferred at varying prices. This filing provides updated information on CRH's share structure. Following the re-issuance, the company's treasury share balance has been adjusted, impacting the total number of outstanding shares. Investors should note these changes as they can affect metrics like earnings per share and market capitalization.

Key Highlights

  • 1CRH plc re-issued 29,526 ordinary shares from its treasury to participants in an employee share scheme on September 2, 2015.
  • 2The shares were transferred at prices of €16.58 and €21.5235 per ordinary share.
  • 3Following this transaction, CRH plc now holds 1,388,406 ordinary shares in treasury.
  • 4The total number of ordinary shares in issue, excluding treasury shares, is now 822,234,078.
  • 5This filing is a Form 6-K, indicating a report of a foreign private issuer.
  • 6The event date of the transaction was September 2, 2015, and the filing date was September 3, 2015.

Frequently Asked Questions

The primary purpose of this filing was to report on CRH's re-issuance of treasury shares to employees participating in an employee share scheme. This is a routine disclosure for companies with such schemes.

The re-issuance of treasury shares reduces the number of shares held in treasury and directly increases the number of shares in circulation (excluding treasury shares). CRH's outstanding shares (excluding treasury) are now 822,234,078, down from previous levels before this re-issuance.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired or cancelled. Companies typically hold treasury shares for various purposes, such as funding employee stock options or share purchase plans, to prevent dilution, or for future acquisitions. Re-issuing them as done here is a common use.

The differing prices (€16.58 and €21.5235) likely reflect the specific terms and conditions of the employee share scheme. This could be due to different grant dates, vesting schedules, or exercise prices associated with the options or awards granted to employees.