8-K

CRH PUBLIC LTD CO 8-K Report (Mar 6, 2008)

Filed March 6, 2008For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 6, 2008, to report a transaction involving its own shares. The company announced that on March 5, 2008, it re-issued 88,613 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from EUR 12.6416 to EUR 18.28 per share. This transaction effectively reduces the number of shares held in treasury and increases the number of outstanding shares available to the public, excluding treasury stock. Following this re-issuance, CRH plc holds 6,245,386 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) standing at 540,981,808. Investors should note this activity as it relates to CRH's share capital structure and potential dilution.

Key Highlights

  • 1CRH plc re-issued 88,613 ordinary shares from its treasury on March 5, 2008.
  • 2The shares were transferred to participants in the company's employee share schemes.
  • 3The re-issuance prices ranged from EUR 12.6416 to EUR 18.28 per ordinary share.
  • 4Following the transaction, CRH plc's treasury share balance decreased to 6,245,386 ordinary shares.
  • 5The total number of outstanding ordinary shares (excluding treasury shares) is now 540,981,808.
  • 6This filing is a Form 6-K, indicating it's a report from a foreign private issuer.

Frequently Asked Questions

This filing, a Form 6-K, reports CRH's re-issuance of treasury shares to employees under its share schemes. It provides transparency on changes to the company's issued share capital and treasury stock levels.

The re-issuance of 88,613 treasury shares to employees increases the number of outstanding shares available to the public (excluding treasury shares) by that amount. CRH's total issued shares, excluding treasury stock, is now 540,981,808.

Companies typically re-issue treasury shares to fulfill obligations under employee stock options, restricted stock units, or other employee share incentive plans. This is a common practice to reward and retain employees.

The filing states the shares were transferred at prices between EUR 12.6416 and EUR 18.28 per Ordinary Share. These prices likely reflect the market value or formula set by the employee share schemes at the time of the transaction.