8-K

CRH PUBLIC LTD CO 8-K Report (Mar 4, 2016)

Filed March 4, 2016For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 4, 2016, reporting on the re-issuance of treasury shares on March 3, 2016. The company transferred a total of 706,166 ordinary shares from its treasury. These transactions were primarily related to employee share schemes and vested awards under the CRH 2006 Performance Share Plan. These transactions resulted in CRH holding a significantly reduced number of ordinary shares in treasury, specifically 85,139 shares. The total number of outstanding ordinary shares, excluding treasury shares, stands at 823,826,144. This filing provides transparency regarding the company's share capital management and its use of shares for employee incentives.

Key Highlights

  • 1CRH transferred 8,263 Ordinary Shares to participants in an employee share scheme at €13.64 per share.
  • 2CRH transferred 697,903 Ordinary Shares to the Trustees of the CRH plc Employee Benefit Trust at €24.98 per share.
  • 3The transfers were made on March 3, 2016.
  • 4These transactions relate to satisfying vested awards under the CRH 2006 Performance Share Plan.
  • 5Following these transfers, CRH holds 85,139 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares in issue, excluding Treasury Shares, is 823,826,144.

Frequently Asked Questions

The primary purpose of these share transfers was to fulfill obligations related to employee share schemes and vested awards under the CRH 2006 Performance Share Plan. This is a common practice for companies to use treasury shares for employee compensation and incentives.

CRH transferred a total of 706,166 Ordinary Shares (8,263 + 697,903) on March 3, 2016.

The transfers reduced the number of shares held in treasury to 85,139. The total number of outstanding ordinary shares, excluding treasury shares, is 823,826,144. This means the number of shares available to the public market remains substantial.

While treasury shares are being re-issued, the context suggests these are part of established employee compensation plans. The impact on dilution depends on the overall number of shares outstanding and the specific terms of the plans, but the total number of shares in issue remains the key figure for investors to consider.