8-K

CRH PUBLIC LTD CO 8-K Report (May 21, 2009)

Filed May 21, 2009For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K disclosing a transaction involving its own shares. On May 20, 2009, the company transferred 167,277 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €15.0674 to €16.4830 and £10.0629 per share, reflecting market conditions at the time. This transaction impacts CRH's treasury stock and issued share count. Following the transfer, CRH now holds 15,035,738 Ordinary Shares in treasury, and the total number of Ordinary Shares in issue, excluding treasury shares, stands at 692,142,702. This information is relevant for investors to understand the company's capital structure and potential dilution from share-based compensation.

Key Highlights

  • 1CRH plc re-issued 167,277 Ordinary Shares from its treasury.
  • 2The re-issuance occurred on May 20, 2009, and was to participants in employee share schemes.
  • 3Share prices for the transaction ranged from €15.0674 to €16.4830 and £10.0629.
  • 4Following the transaction, CRH holds 15,035,738 Ordinary Shares in treasury.
  • 5The number of Ordinary Shares in issue, excluding treasury shares, is 692,142,702.
  • 6The filing is a Form 6-K, indicating it is a report of a foreign private issuer.

Frequently Asked Questions

The transaction involved the re-issuance of CRH's own shares from its treasury to participants in its employee share schemes. This is a common practice to satisfy obligations under long-term incentive plans.

This transaction reduces the number of shares held in treasury by 167,277 and increases the number of shares in issue (excluding treasury shares) by the same amount. The total number of shares outstanding for voting or other purposes will increase, though the total equity remains unchanged.

Treasury shares are shares that a company has repurchased from the open market or, in this case, holds in reserve from its own issuance. They are not considered outstanding for purposes of voting rights or dividend distribution and are subtracted from the total issued shares to determine the number of shares outstanding.

The shares were transferred at prices reflecting the market value of the Ordinary Shares at the time of the transaction, which can vary based on currency and the specific date and time of the transfer to different participants within the employee share schemes.