8-K

CRH PUBLIC LTD CO 8-K Report (Nov 12, 2015)

Filed November 12, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K detailing a transaction involving its own shares on November 11, 2015. The company transferred 4,473 ordinary shares from its treasury to participants in its employee share schemes. These shares were issued at prices of €17.30 per share and £13.13 per share, indicating a dual currency approach for its employee incentives. This transaction impacts the company's treasury stock and outstanding share count. Following the transfer, CRH's treasury shares have been reduced, and the number of outstanding ordinary shares (excluding treasury shares) now stands at 822,658,819. Investors should note that such transactions are common for companies with employee stock programs and may not represent a significant change in the company's overall financial health, but rather an internal equity management action.

Key Highlights

  • 1CRH Public Limited Company (CRH) filed a Form 6-K on November 12, 2015.
  • 2On November 11, 2015, CRH transferred 4,473 ordinary shares from treasury.
  • 3The shares were transferred to participants in its employee share schemes.
  • 4The issuance prices were €17.30 per Ordinary Share and £13.13 per Ordinary Share.
  • 5Following the transfer, CRH holds 1,252,434 Ordinary Shares in Treasury.
  • 6The number of Ordinary Shares in issue (excluding Treasury Shares) is 822,658,819.

Frequently Asked Questions

The shares were re-issued from CRH's treasury stock and transferred to participants in its employee share schemes. This is a standard practice for companies to fulfill obligations to employees through stock-based compensation or incentive programs.

This transaction reduces the number of shares held in treasury and increases the number of outstanding shares by 4,473. CRH's treasury shares decreased to 1,252,434, and the total number of ordinary shares in issue, excluding treasury shares, is now 822,658,819.

Treasury shares are shares that a company has repurchased from the open market or were previously issued and have been reacquired. These shares are held by the company itself and are not considered outstanding for purposes of voting or dividend distribution, until they are re-issued or cancelled.

The different prices likely reflect the currency denomination relevant to the employee or the specific scheme rules. This suggests CRH operates in or has employees in regions using both Euros and Sterling, and the share price for these transfers was set based on prevailing market values in those respective currencies.