Summary
CRH plc filed a Form 6-K on May 3, 2007, to report a transaction by its Employee Benefit Trust. The Trustees purchased 32,680 ordinary shares of CRH plc on May 2, 2007. The average purchase price was EUR 33.27153 per share. These shares were acquired to fulfill obligations under the company's Share Option Schemes, specifically to meet the share requirements upon the exercise of employee stock options.
Key Highlights
- 1CRH plc's Employee Benefit Trust purchased 32,680 ordinary shares.
- 2The share purchase occurred on May 2, 2007.
- 3The average price paid per share was EUR 33.27153.
- 4The purpose of the share acquisition is to satisfy requirements for the company's Share Option Schemes.
- 5This transaction relates to the exercise of employee stock options.
- 6The filing is a Form 6-K, indicating it's a report of a foreign issuer.
Frequently Asked Questions
The Trust purchased shares to ensure there were enough ordinary shares available to satisfy the company's obligations when employees exercise their options under CRH's Share Option Schemes.
The Trustees purchased 32,680 ordinary shares at an average price of EUR 33.27153 per share.
The shares were purchased on May 2, 2007.
This transaction indicates CRH is actively managing its equity to support its employee incentive programs, ensuring sufficient shares are available for option exercises. It doesn't represent new capital being raised or a change in strategic direction but rather operational management of share-based compensation.