Summary
CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on November 20, 2015, reporting a transaction involving its own shares. On November 19, 2015, CRH transferred 61,799 ordinary shares to the Trustees of its employee share participation schemes. These shares were transferred at a price of €25.36 per share. This transaction has resulted in a change to CRH's treasury share balance and the total number of outstanding shares. Following the transfer, CRH now holds 1,179,981 ordinary shares in treasury. The total number of ordinary shares in issue, excluding treasury shares, stands at 822,731,272. Investors should note these changes as they can impact metrics like earnings per share and share count.
Key Highlights
- 1CRH plc transferred 61,799 ordinary shares on November 19, 2015.
- 2The shares were transferred to the Trustees of its employee share participation schemes.
- 3The transaction price was €25.36 per ordinary share.
- 4Following the transaction, CRH now holds 1,179,981 ordinary shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 822,731,272.
- 6The filing is a Form 6-K, reporting a transaction in own shares.
Frequently Asked Questions
The transaction involved the re-issue of treasury shares to CRH's employee share participation schemes, which is a common practice for incentivizing employees.
The transfer of treasury shares reduces the number of shares held in treasury, but does not change the total number of issued shares. The number of shares in issue *excluding* treasury shares is now 822,731,272.
Treasury shares are shares that a company has repurchased but not yet retired. While they don't typically carry voting rights or receive dividends, changes in treasury stock can impact metrics such as earnings per share (EPS) calculations and the overall share count used in various financial analyses.
This transaction is a re-issuance of treasury shares to employee benefit schemes, not a market repurchase (buyback) or a new issuance to the public.