8-K

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

Filed October 8, 2015For Securities:CRH

Summary

CRH plc reported on October 8, 2015, a transaction involving its own shares. The company transferred 1,500 Ordinary Shares to a participant in an employee share scheme at a price of €16.58 per share on October 7, 2015. This is a routine event related to executive compensation and employee incentive programs. Following this transfer, CRH plc's treasury share balance was adjusted. The company now holds 1,309,195 Ordinary Shares in treasury, with the total number of outstanding shares (excluding treasury shares) standing at 822,313,289. Investors should note that these transactions are typical for companies with share-based compensation plans and do not fundamentally alter the company's operational or financial standing, though they do impact the exact number of shares held by the public.

Key Highlights

  • 1CRH plc engaged in a transaction involving its own shares on October 7, 2015.
  • 21,500 Ordinary Shares were transferred to an employee share scheme participant.
  • 3The transfer price for these shares was €16.58 per Ordinary Share.
  • 4This transaction is related to CRH's employee share incentive programs.
  • 5Following the transfer, CRH holds 1,309,195 Ordinary Shares in treasury.
  • 6The total number of issued Ordinary Shares (excluding treasury shares) is 822,313,289.
  • 7The filing is made on Form 6-K, indicating it's a report from a foreign private issuer.

Frequently Asked Questions

The transfer of 1,500 Ordinary Shares was to a participant in an employee share scheme. This is a common practice for companies to grant shares as part of employee compensation or incentive programs.

This specific transaction involved shares already held by the company in treasury being transferred to an employee. Therefore, it reduces the number of shares held in treasury, but the total number of issued shares (excluding treasury shares) remains the same at 822,313,289. The number of shares available to the public will slightly decrease as these are now held by an employee under the scheme.

The price of €16.58 per share represents the value at which these treasury shares were transferred to the employee. This price is likely determined by the terms of the employee share scheme, which could be based on the market price at a specific grant date or a predetermined valuation.

Treasury shares are shares that a company has bought back from the open market or were previously issued and are now held by the company itself. These shares are not considered outstanding and do not carry voting rights. Companies often hold treasury shares to use for employee stock options, acquisitions, or to return capital to shareholders through buyback programs.