8-K

CRH PUBLIC LTD CO 8-K Report (Oct 21, 2008)

Filed October 21, 2008For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) reports on a transaction involving its own shares, specifically the re-issuance of treasury shares. On October 15, 2008, CRH transferred 3,631 Ordinary Shares to participants in its employee share schemes. These shares were re-issued at prices ranging from €10.63 per share for Euro-denominated transactions to between £7.18 and £12.38 per share for Sterling-denominated transactions. This action slightly reduces the number of treasury shares held by the company, impacting its total share count for accounting purposes.

Key Highlights

  • 1CRH plc re-issued 3,631 Ordinary Shares from its treasury stock.
  • 2The re-issuance occurred on October 15, 2008, and was to participants in employee share schemes.
  • 3Share prices for the re-issuance varied: €10.63 per share for Euro transactions.
  • 4Share prices for the re-issuance varied: between £7.18 and £12.38 per share for Sterling transactions.
  • 5Following this transaction, CRH plc now holds 16,539,454 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares in issue, excluding treasury shares, stands at 531,580,982.

Frequently Asked Questions

The treasury shares were re-issued to participants in CRH's employee share schemes. This is a common practice to fulfill obligations under such incentive plans.

The varying prices reflect the currency of the transaction (Euro or Sterling) and potentially the specific terms or grant dates of the employee share awards, which may have different strike prices or valuation methodologies.

This transaction reduces the number of shares held in treasury but does not change the total number of shares outstanding. The shares were moved from treasury stock (held by the company) to be held by employees, thus increasing the publicly available shares but not the overall corporate share count that includes treasury.

Treasury shares are shares that a company has repurchased from the open market. Holding shares in treasury allows a company flexibility for future corporate actions such as employee stock options, mergers, or acquisitions, without issuing new shares.