8-K

CRH PUBLIC LTD CO 8-K Report (Oct 9, 2008)

Filed October 9, 2008For Securities:CRH

Summary

CRH plc has filed an 8-K report to disclose a transaction involving its own shares. On October 8, 2008, the company re-issued 1,207 ordinary shares from its treasury stock to participants in its employee share schemes. These shares were transferred at prices ranging from €10.63 per share to between £7.18 and £15.68 per share, indicating a multi-currency transaction and potential variations in award values within the schemes. This transaction resulted in a slight decrease in the number of treasury shares held by CRH. Following the re-issue, the company now holds 16,543,085 ordinary shares in treasury, with a total of 531,577,351 ordinary shares outstanding (excluding treasury shares). This filing is primarily informational, providing transparency to investors regarding share capital movements related to employee compensation and benefits.

Key Highlights

  • 1CRH plc re-issued 1,207 ordinary shares from treasury on October 8, 2008.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices varied, ranging from €10.63 to between £7.18 and £15.68 per share.
  • 4Following the transaction, CRH holds 16,543,085 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 531,577,351.

Frequently Asked Questions

The shares were re-issued to participants in CRH's employee share schemes, likely as part of their compensation or as awards under these programs.

The different currencies (€ and £) suggest that CRH operates in multiple regions and that the share schemes may have different award structures or be denominated in local currencies. The range in Sterling prices likely reflects varying grant dates, vesting conditions, or strike prices associated with different awards within the employee share schemes.

This transaction reduces the number of shares held in treasury but does not change the total number of outstanding shares. The number of shares in issue (excluding treasury shares) remains 531,577,351.

This is a routine transaction related to employee compensation and share-based incentives. While it affects the treasury share balance, it is generally not a direct indicator of significant changes in the company's financial performance or operational results. Investors should look at broader financial reports for performance indicators.