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 January 21, 2009, CRH transferred 1,445 ordinary shares to participants in its employee share schemes. These shares were transferred at prices of €10.63 per share, and in a range of £9.66 to £12.38 per share. This action reduces the number of treasury shares held by the company.
Key Highlights
- 1CRH plc re-issued 1,445 ordinary shares from its treasury stock.
- 2The shares were transferred to participants in employee share schemes.
- 3Transaction occurred on January 21, 2009.
- 4Share prices varied based on currency: €10.63 per share in Euros and a range of £9.66 to £12.38 per share in Pounds Sterling.
- 5Following the re-issuance, CRH plc holds 16,201,396 ordinary shares in treasury.
- 6The total number of ordinary shares in issue, excluding treasury shares, is 532,300,982.
Frequently Asked Questions
The primary purpose of this transaction was to transfer treasury shares to employees participating in CRH's share schemes, likely as part of compensation or incentive programs.
This transaction reduces the number of treasury shares held by CRH. The total number of outstanding shares (excluding treasury shares) remains the same, but the company's holdings in treasury decrease.
The different prices reflect the currency in which the transactions were denominated (€ for Euros and £ for Pounds Sterling), which is common for international companies like CRH.
Treasury shares are shares that a company has repurchased from the open market but has not yet retired or cancelled. They are held by the company and can be re-issued later for various purposes, such as employee stock options or acquisitions.