8-K

CRH PUBLIC LTD CO 8-K Report (Dec 31, 2015)

Filed December 31, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on December 31, 2015, to report on a transaction involving its own shares. The company announced that on December 30, 2015, it transferred 5,545 ordinary shares from treasury to a participant in an employee share scheme at a price of €21.5235 per share. This transaction is significant as it represents the re-issue of treasury shares, impacting the company's outstanding share count and treasury share balance. Following this re-issue, CRH plc now holds 795,262 ordinary shares in treasury. The total number of ordinary shares in issue, excluding these treasury shares, stands at 823,115,991. Investors should note this activity as it pertains to the company's equity structure and potential dilution from employee share-based compensation plans.

Key Highlights

  • 1CRH plc re-issued 5,545 ordinary shares from its treasury on December 30, 2015.
  • 2The re-issued shares were transferred to a participant in an employee share scheme.
  • 3The transaction price for these shares was €21.5235 per ordinary share.
  • 4Following the transaction, CRH holds 795,262 ordinary shares in treasury.
  • 5The total number of ordinary shares currently in issue (excluding treasury shares) is 823,115,991.
  • 6This filing is a Form 6-K, indicating a report of a foreign private issuer.
  • 7The event date was December 30, 2015, and the filing date was December 30, 2015.

Frequently Asked Questions

The re-issued shares were transferred to a participant in an employee share scheme, indicating they were likely used for stock option exercises or other equity compensation arrangements for employees.

This specific transaction reduced the number of treasury shares by 5,545 and increased the number of shares in issue by the same amount. The net effect on the total number of outstanding shares is an increase of 5,545. The total shares in issue, excluding treasury shares, is now 823,115,991.

Treasury shares are shares that a company has repurchased from the open market. Companies typically hold treasury shares for various purposes, including fulfilling stock options for employees, potential future acquisitions, or to return capital to shareholders. The re-issuance of these shares means they are being put back into circulation.

While the number of shares re-issued is relatively small compared to the total shares outstanding, it is important for investors to track equity compensation activities. It impacts the precise number of outstanding shares and can be an indicator of employee incentive programs. For significant re-issuances or share buyback programs, the impact on earnings per share (EPS) and shareholder value would be more material.