8-K

CRH PUBLIC LTD CO 8-K Report (Apr 7, 2016)

Filed April 7, 2016For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on April 7, 2016, to disclose a transaction involving its own shares. On April 6, 2016, the company transferred 537 Ordinary Shares from treasury to a participant in an employee share scheme at a price of €17.67 per share. This transaction resulted in a minor adjustment to CRH's treasury stock. Following the re-issuance, CRH holds 84,368 Ordinary Shares in treasury, with the total number of Ordinary Shares in issue, excluding treasury shares, standing at 824,009,866. This filing is primarily an informational update regarding share movements related to employee compensation and does not indicate any significant strategic or financial shifts for the company.

Key Highlights

  • 1CRH Public Limited Company disclosed a transaction involving its own shares on April 7, 2016.
  • 2On April 6, 2016, the company re-issued 537 Ordinary Shares from its treasury stock.
  • 3These shares were transferred to a participant in an employee share scheme.
  • 4The price per Ordinary Share for this transaction was €17.67.
  • 5Following the re-issuance, CRH's treasury share balance decreased to 84,368 Ordinary Shares.
  • 6The total number of Ordinary Shares in issue, excluding treasury shares, is 824,009,866.

Frequently Asked Questions

The main purpose of this 8-K filing is to report a transaction where CRH Public Limited Company re-issued a small number of its own shares from treasury to an employee participating in an employee share scheme. This is a routine disclosure requirement for such share movements.

This transaction only involves shares already held in treasury being transferred to an employee. It does not change the total number of shares outstanding in the market. The number of Ordinary Shares in issue, excluding treasury shares, remains at 824,009,866, with a minor reduction in the treasury share count.

The price of €17.67 per share reflects the value at which the shares were transferred under the employee share scheme. For investors, this price can be viewed in the context of the prevailing market price of CRH shares around April 6, 2016, to understand the terms of the employee compensation plan. It does not represent a new offering or a change in the company's valuation.

No, investors should not be concerned. The reduction in treasury shares is due to a normal re-issuance to an employee under a share scheme. This is a common practice for companies to incentivize employees and does not indicate any financial distress or negative outlook for CRH.