Summary
CRH Public Limited Company (CRH) filed an 8-K on February 19, 2009, to report a transaction involving its own shares. Specifically, on February 18, 2009, the company re-issued treasury shares to a participant in an employee share scheme. This transaction involved 131 ordinary shares and the prices ranged from £15.68 to £18.61 per share.
Key Highlights
- 1CRH plc re-issued 131 ordinary shares from treasury to an employee share scheme participant.
- 2The share re-issue occurred on February 18, 2009.
- 3Share prices for this transaction ranged from £15.68 to £18.61 per ordinary share.
- 4Following this transaction, CRH plc's treasury share balance is 16,194,543 ordinary shares.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 532,307,835.
Frequently Asked Questions
The main purpose of this 8-K filing was to inform the SEC and investors about a specific transaction involving CRH's own shares, namely the re-issuance of treasury shares to an employee share scheme.
CRH re-issued treasury shares to satisfy obligations under an employee share scheme. This is a common practice for companies to provide equity-based compensation or incentives to their employees.
This transaction reduced the number of shares held in treasury but did not change the total number of shares outstanding that are available to the public. The number of shares in issue (excluding treasury shares) remains 532,307,835.
This price range reflects the market value of CRH's ordinary shares at the time of the transaction, as determined by the terms of the employee share scheme and potentially prevailing market conditions. It indicates the value attributed to these shares when transferred to the employee participant.