8-K

CRH PUBLIC LTD CO 8-K Report (Jan 29, 2009)

Filed January 29, 2009For Securities:CRH

Summary

This Form 6-K filing by CRH Public Limited Company (CRH) on January 29, 2009, primarily announces a transaction involving the company's own shares. Specifically, CRH re-issued treasury shares to participants in its employee share schemes. This action adjusted the number of outstanding shares and the company's treasury stock holdings, with no immediate impact on the overall capital structure or financial performance being detailed in this specific filing. For investors, this disclosure signifies a standard corporate action related to employee compensation and equity plans. The re-issuance of treasury shares is a common practice and does not inherently signal a change in CRH's strategic direction or financial health. The filing provides specific details on the number of shares transferred and the price range, offering transparency on how these awards were executed.

Key Highlights

  • 1CRH plc re-issued 6,052 Ordinary Shares from its treasury to participants in employee share schemes on January 28, 2009.
  • 2The share re-issuance occurred at prices ranging from €16.71 to €18.28 and £9.66 to £16.07 per Ordinary Share.
  • 3Following this transaction, CRH plc's treasury holdings were reduced to 16,195,344 Ordinary Shares.
  • 4The total number of Ordinary Shares in issue, excluding treasury shares, stands at 532,307,034.
  • 5This filing is made pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934, classifying CRH as a foreign issuer filing a Report of Foreign Issuer.
  • 6The Company Secretary, Angela Malone, and Finance Director, Glenn Culpepper, are listed in connection with the filing.
  • 7The report confirms CRH files its annual reports under Form 20-F.

Frequently Asked Questions

The primary purpose of this filing (Form 6-K) was to report a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to employees participating in its share schemes.

The re-issuance of treasury shares typically does not have a direct material impact on the company's overall financial position or balance sheet in the short term. It essentially moves shares from treasury stock (which is not outstanding) to outstanding shares, impacting share count and potentially equity reserves. The cash received from employees for these shares would increase cash and offset the reduction in treasury stock.

The prices (ranging from €16.71 to €18.28 and £9.66 to £16.07) reflect the market value of CRH's Ordinary Shares at the time of the transaction, likely tied to the terms of the employee share schemes. Investors can use these prices as an indicator of the stock's valuation around January 28, 2009.

No, this filing indicates the opposite. CRH is *re-issuing* shares from its treasury, not buying them back. Treasury shares are shares the company previously repurchased.