8-K

CRH PUBLIC LTD CO 8-K Report (Apr 9, 2009)

Filed April 9, 2009For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 9, 2009, to report a transaction involving its own shares. Specifically, on April 8, 2009, the company transferred 29,943 Ordinary Shares from treasury to participants in an employee share scheme. These shares were transferred at a price of €11.8573 per share. This transaction has a minor impact on the total number of shares outstanding but is significant for understanding CRH's treasury share management and its ongoing commitment to employee incentives. Investors should note the specific price at which these shares were re-issued from treasury, which could provide context for valuation discussions. The filing also updates the company's treasury share balance and the total number of ordinary shares in issue.

Key Highlights

  • 1CRH plc re-issued 29,943 Ordinary Shares from treasury on April 8, 2009.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The re-issue price per Ordinary Share was €11.8573.
  • 4Following the transaction, CRH plc holds 15,621,610 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is 684,968,720.

Frequently Asked Questions

The primary purpose of this transaction was to transfer shares from the company's treasury to employees participating in an employee share scheme, fulfilling obligations or incentives related to that scheme.

This transaction involves shares already held in treasury being transferred to employees. Therefore, it does not change the total number of shares outstanding but rather reallocates them from treasury to employee hands. The number of shares in issue (excluding treasury shares) remains the figure provided.

The price of €11.8573 per share is the rate at which CRH re-issued its treasury shares. This price is typically determined by the terms of the employee share scheme and can offer insights into how the company values its shares for such programs, potentially referencing market prices or a set formula at the time of the scheme's agreement.

Shares held 'in Treasury' are shares that CRH has repurchased from the open market or that were previously issued and have since been reacquired by the company. These shares are not considered outstanding for voting or dividend purposes and can be re-issued, cancelled, or used for employee share schemes, as seen in this filing.