Summary
This 8-K filing from CRH Public Limited Company (CRH) on May 29, 2009, details a transaction involving the re-issue of treasury shares. Specifically, CRH transferred 277 Ordinary Shares to a participant in an employee share scheme at a price of €15.0674 per share. This transaction is significant as it impacts the company's outstanding share count and its holdings in treasury stock. Following this re-issue, CRH now holds 15,035,461 Ordinary Shares in treasury, with the number of outstanding shares (excluding treasury shares) standing at 692,142,979. This information is crucial for investors to understand the current equity structure of the company and the potential dilution or impact on earnings per share that such transactions can entail.
Key Highlights
- 1CRH plc re-issued 277 Ordinary Shares from its treasury stock on May 28, 2009.
- 2The re-issue was to a participant in an employee share scheme.
- 3The price per Ordinary Share for this transaction was €15.0674.
- 4Following the transaction, CRH holds 15,035,461 Ordinary Shares in treasury.
- 5The total number of outstanding Ordinary Shares, excluding treasury shares, is 692,142,979.
- 6This filing is made on Form 6-K, indicating it's a report of a foreign private issuer.
Frequently Asked Questions
Companies typically re-issue treasury shares for employee stock options, employee stock purchase plans, acquisitions, or to issue stock dividends. In this case, CRH states the shares were transferred to a participant in an employee share scheme, which is a common practice for incentivizing and retaining employees.
When treasury shares are re-issued, the number of outstanding shares increases. In this specific instance, the re-issue of 277 shares means CRH's outstanding share count has increased by that amount, contributing to the total of 692,142,979 Ordinary Shares in issue (excluding treasury shares).
Treasury shares are shares that a company has repurchased from the open market but has not yet retired. Holding shares in treasury gives a company flexibility to use them for various corporate purposes, such as employee compensation plans, mergers and acquisitions, or to potentially boost earnings per share by reducing the number of outstanding shares (though this transaction does the opposite by re-issuing them).
This specific transaction, the re-issue of a small number of treasury shares for an employee scheme, is generally routine and does not, by itself, indicate financial distress or significant positive news. It's a normal corporate action related to employee compensation. Investors should look at other parts of the filing or subsequent reports for broader financial health indicators.