8-K

CRH PUBLIC LTD CO 8-K Report (Dec 4, 2008)

Filed December 4, 2008For Securities:CRH

Summary

CRH plc, on December 3, 2008, re-issued 26,927 of its own ordinary shares from treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €10.63 to €17.99 and £7.18 to £12.38, reflecting prevailing market values for the respective currencies. This action reduces the number of shares held in treasury and increases the number of shares outstanding, excluding treasury shares. Following these transactions, CRH plc now holds 16,393,371 ordinary shares in treasury. The total number of outstanding ordinary shares, excluding those in treasury, stands at 532,109,007. This re-issuance is a routine administrative event related to employee compensation and stock ownership plans, and does not represent a significant strategic shift for the company. Investors should note the slight increase in the number of shares outstanding.

Key Highlights

  • 1CRH plc re-issued 26,927 ordinary shares from treasury on December 3, 2008.
  • 2These shares were transferred to participants in CRH's employee share schemes.
  • 3The transaction prices for the ordinary shares varied by currency, ranging from €10.63 to €17.99 and £7.18 to £12.38 per share.
  • 4Following the re-issuance, CRH plc holds 16,393,371 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is now 532,109,007.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report the re-issuance of treasury shares by CRH plc to employees participating in its share schemes.

This transaction slightly increases the number of ordinary shares outstanding, as shares are transferred from treasury (which are not considered outstanding) to employees. The net effect is a reduction in treasury shares and an increase in shares in circulation.

Shares held in treasury are those that CRH has repurchased from the open market but has not yet cancelled or re-issued. These shares are not considered outstanding and do not carry voting rights or receive dividends. Companies typically use treasury shares for employee stock options, acquisitions, or to return capital to shareholders.

The varying prices reflect the share prices in different currencies (Euros and Pounds Sterling) at the time of the transaction, likely influenced by exchange rates and market conditions in those respective regions. They represent the market value at which the shares were transferred to employees under the terms of the share schemes.