Summary
CRH Public Limited Company (CRH) filed a Form 6-K on June 5, 2008, to report a transaction involving its own shares. On June 4, 2008, the company re-issued 16,528 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €14.5652 to €20.91 and £14.37 per ordinary share. This transaction is relevant for investors as it reflects the company's ongoing engagement with its employee incentive programs and impacts the number of outstanding shares.
Key Highlights
- 1CRH plc re-issued 16,528 ordinary shares from treasury on June 4, 2008.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3The re-issue prices ranged from €14.5652 to €20.91 and £14.37 per ordinary share.
- 4Following this transaction, CRH plc holds 11,420,935 ordinary shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 536,699,501.
- 6This filing is made under the SEC's Form 6-K, which is a report of a foreign issuer.
Frequently Asked Questions
The primary purpose of this filing (Form 6-K) was to inform the SEC and investors about CRH plc's re-issuance of treasury shares to employees under its share schemes.
The re-issuance reduces the number of shares held in treasury. In this specific case, 16,528 shares were transferred out of treasury, decreasing the treasury share balance and subsequently increasing the number of outstanding shares available to the public.
Companies typically hold shares in treasury for various purposes, including satisfying obligations under employee share-based compensation plans, making acquisitions, or for future share buybacks. In this instance, the shares were re-issued for employee share schemes.
The different prices (€14.5652 to €20.91 and £14.37) likely reflect the varying conditions or grant dates of the awards under the employee share schemes, possibly tied to different exercise prices, currency conversions, or market prices at the time of the grants.