8-K

CRH PUBLIC LTD CO 8-K Report (Aug 28, 2008)

Filed August 28, 2008For Securities:CRH

Summary

This 8-K filing from CRH plc (CRH) reports on the re-issuance of treasury shares to participants in its employee share schemes on August 27, 2008. A total of 7,792 ordinary shares were transferred at prices ranging from €10.63 to €17.99 and £7.18 to £12.38. This transaction is primarily administrative and provides an update on the company's share capital structure. For investors, the key takeaway is the minor adjustment to the number of outstanding shares and the continued engagement of employees through share-based incentive programs. The filing also confirms the updated treasury share balance and total shares in issue.

Key Highlights

  • 1CRH plc re-issued 7,792 ordinary shares from its treasury to employees on August 27, 2008.
  • 2The share re-issuance was part of CRH's employee share schemes.
  • 3Share transfer prices varied, ranging from €10.63 to €17.99 and £7.18 to £12.38 per share.
  • 4Following these transactions, CRH now holds 14,922,503 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, stands at 533,197,933.
  • 6The filing is a Form 6-K report, indicating it is a report of a foreign private issuer.
  • 7The transaction is administrative and reflects ongoing employee incentive programs.

Frequently Asked Questions

The re-issuance of treasury shares was to fulfill obligations under CRH's employee share schemes, meaning these shares were transferred to employees as part of their compensation or incentive programs.

This specific transaction involves moving shares from treasury back into circulation for employees. The total number of shares in issue (excluding treasury shares) is now 533,197,933, a slight increase from before the re-issuance, while the treasury holding decreased.

No, these are not newly issued shares. They are ordinary shares that CRH had previously repurchased and held in treasury. The company is essentially re-distributing shares it already owns.

The different price ranges reflect the currency of the transactions and potentially different employee locations or scheme rules. CRH operates internationally, so transactions can occur in both Euros and Pounds Sterling.