8-K

CRH PUBLIC LTD CO 8-K Report (Apr 26, 2007)

Filed April 26, 2007For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 26, 2007, to report a significant transaction by its Employee Benefit Trust. The Trustees of the CRH plc Employee Benefit Trust purchased 244,929 Ordinary Shares of EUR0.32 each on April 25, 2007. This acquisition was made at a price of EUR31.70 per Ordinary Share. The primary purpose of this share purchase by the Trust is to fulfill the company's obligations related to its Share Option Schemes. This action ensures that the company will have sufficient shares available to satisfy employee option exercises, a common practice for companies managing employee equity incentives.

Key Highlights

  • 1CRH plc Employee Benefit Trust purchased 244,929 Ordinary Shares.
  • 2The purchase occurred on April 25, 2007.
  • 3The acquisition price was EUR31.70 per Ordinary Share.
  • 4The shares purchased were CRH Ordinary Shares with a nominal value of EUR0.32 each.
  • 5The purpose of the purchase is to meet requirements for shares under the Company's Share Option Schemes.
  • 6The filing is a Form 6-K, indicating a report by a foreign issuer.
  • 7M. Lee, Finance Director, signed the report on behalf of CRH plc.

Frequently Asked Questions

The Trustees of the CRH plc Employee Benefit Trust purchased shares to ensure there are sufficient shares available to meet the company's obligations when employees exercise options granted under CRH's Share Option Schemes.

The Trust purchased 244,929 Ordinary Shares at a price of EUR31.70 per share.

This transaction indicates the company is proactively managing its share capital to support its employee incentive programs. The purchase by a trust associated with the company does not directly represent new capital raised by CRH, but rather an internal allocation of shares for future employee compensation needs.

A Form 6-K is a report of foreign private issuers that are required to file or are permitted to furnish reports to the SEC. It is used to provide information that the company has made or is required to make public pursuant to the law of its home country, or that it has filed or is required to file with a stock exchange, or that it has distributed or is required to distribute to its security holders.