Summary
CRH Public Limited Company (CRH) filed a Form 6-K on May 8, 2009, reporting a transaction involving its own shares. On May 7, 2009, the company re-issued 53,877 ordinary shares from its treasury to participants in employee share schemes. The re-issuance occurred at prices ranging from €11.8573 to €15.5646 per share. Following these transactions, CRH now holds 15,214,105 ordinary shares in treasury. The total number of outstanding ordinary shares, excluding treasury shares, stands at 685,376,225. This filing provides transparency regarding the company's share capital management and its engagement with employee incentive programs.
Key Highlights
- 1CRH re-issued 53,877 ordinary shares from its treasury on May 7, 2009.
- 2These shares were transferred to participants in CRH's employee share schemes.
- 3The re-issuance prices per share ranged from €11.8573 to €15.5646.
- 4After the transaction, CRH holds 15,214,105 ordinary shares in treasury.
- 5The number of outstanding ordinary shares, excluding treasury shares, is 685,376,225.
- 6The filing is made under Form 6-K, indicating it's a report of a foreign private issuer.
Frequently Asked Questions
The purpose of the transaction was to re-issue treasury shares to participants in CRH's employee share schemes, likely as part of compensation or incentive plans.
This transaction reduces the number of shares held in treasury, but the number of outstanding shares (excluding treasury shares) remains the same as the shares were re-issued from existing treasury stock. The total number of issued shares will decrease by the amount re-issued, but the number available to the public will not change due to this specific transaction.
Treasury shares are shares that the company has repurchased from the open market and holds for various corporate purposes, such as funding employee stock options, stock purchase plans, or future acquisitions, without diluting existing shareholders. Re-issuing these shares does not create new shares but uses existing ones.
A Form 6-K is a report of foreign private issuers that are required to be filed with the SEC. It is used to furnish or report information that the issuer has made or is required to make public pursuant to the laws of its home country or that it has distributed or made public among its security holders. This specific filing relates to a transaction in its own shares.