Summary
CRH plc, a foreign issuer, filed a Form 6-K with the SEC on September 10, 2008, to report a transaction involving its own shares. Specifically, on September 9, 2008, the company re-issued 1,556 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from £7.18 to £12.38 per share.
Key Highlights
- 1CRH plc re-issued 1,556 ordinary shares from treasury on September 9, 2008.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3The transaction prices ranged from £7.18 to £12.38 per ordinary share.
- 4Following this re-issuance, CRH plc's treasury share balance is 15,133,840 ordinary shares.
- 5The total number of ordinary shares outstanding, excluding treasury shares, is 532,986,596.
Frequently Asked Questions
CRH plc is reporting the re-issuance of treasury shares to employees participating in its share schemes.
Companies typically re-issue treasury shares to fulfill obligations under employee stock option plans, stock purchase plans, or other equity-based compensation programs.
This specific transaction reduces the number of treasury shares by 1,556 but does not change the total number of outstanding shares in issue (excluding treasury shares), as these shares were already held by the company in treasury.
These prices represent the value at which the treasury shares were transferred to employees, likely based on the prevailing market price or a pre-determined grant value within the employee share schemes.