Summary
CRH Public Limited Company (CRH) filed an 8-K report on April 16, 2009, to disclose a transaction involving its own shares. Specifically, the company re-issued treasury shares to participants in its employee share schemes. This action reduced the number of shares held in treasury and adjusted the total number of outstanding shares excluding treasury stock.
Key Highlights
- 1CRH plc re-issued 18,393 Ordinary Shares from its treasury holdings.
- 2The re-issuance was to participants in CRH's employee share schemes.
- 3The transaction occurred on April 15, 2009.
- 4The re-issuance prices ranged from €11.8573 to €15.5646 per Ordinary Share.
- 5Following the transaction, CRH plc holds 15,603,217 Ordinary Shares in Treasury.
- 6The number of Ordinary Shares in issue, excluding treasury shares, stands at 684,987,113.
Frequently Asked Questions
This 8-K filing was made to report a transaction where CRH plc re-issued shares from its treasury stock to employees participating in its share schemes.
The re-issuance of shares reduces the number of shares held in treasury by CRH. The number of shares outstanding for investors (excluding treasury shares) is stated to be 684,987,113 after this transaction.
Treasury shares are shares that a company has repurchased from the open market or, as in this case, shares that were previously issued and then reacquired. These shares are not considered outstanding for voting or dividend purposes until they are re-issued or retired.
No, these are not new shares being created. They are existing shares that were previously held by the company as treasury stock and are now being transferred to employees under their share schemes.