8-K

CRH PUBLIC LTD CO 8-K Report (Mar 26, 2009)

Filed March 26, 2009For Securities:CRH

Summary

CRH Public Limited Company filed a Form 6-K on March 26, 2009, reporting a transaction by the Trustees of the CRH plc Employee Benefit Trust. On March 25, 2009, the Trust acquired 127,833 ordinary shares of CRH plc at a price of €16.62 per share. This purchase was made to fulfill the company's obligation to provide shares for employee option exercises under the 1990 Share Option Scheme. This filing provides transparency regarding insider shareholding activities and the company's commitment to its employee incentive programs. While not a direct financial performance report, it signals potential future share dilution and the company's ongoing management of its equity-based compensation plans. Investors should note the purchase price as an indicator of the market valuation at that time.

Key Highlights

  • 1The Trustees of the CRH plc Employee Benefit Trust purchased 127,833 ordinary shares on March 25, 2009.
  • 2The average purchase price was €16.62 per ordinary share.
  • 3The purpose of the share acquisition was to satisfy requirements for shares upon the exercise of options under the 1990 Share Option Scheme.
  • 4This transaction was reported via a Form 6-K filing on March 26, 2009.
  • 5The filing indicates CRH plc's ongoing management of its employee share option programs.
  • 6The purchase price of €16.62 per share reflects the market valuation of CRH plc shares on the transaction date.

Frequently Asked Questions

The filing reports that the Trustees of the CRH plc Employee Benefit Trust purchased 127,833 ordinary shares of CRH plc on March 25, 2009, at a price of €16.62 per share. This purchase was specifically to provide shares for employees exercising options under the company's 1990 Share Option Scheme.

The Trust purchased the shares to ensure CRH plc could meet its obligations to issue shares to employees who exercise their options under the 1990 Share Option Scheme. This is a standard practice for companies managing equity-based compensation.

This specific transaction, a purchase by an employee benefit trust, does not directly impact CRH's reported financial performance (e.g., revenue or profit). However, it is relevant for understanding the company's share structure and its commitment to employee incentives, which can indirectly affect future earnings per share when options are exercised and new shares are issued.

The purchase price of €16.62 per share on March 25, 2009, provides an indication of the market valuation of CRH plc's ordinary shares at that specific point in time, as determined by the transaction between the Trust and the market or seller.