Summary
CRH Public Limited Company (CRH) filed a Form 6-K on June 11, 2009, to report a transaction involving its own shares. Specifically, on June 10, 2009, the company re-issued 44,107 ordinary shares from its treasury stock to participants in its employee share schemes. These shares were transferred at varying prices denominated in both Euros and Pounds Sterling. This action impacts the company's outstanding share count and its treasury stock balance.
Key Highlights
- 1CRH plc re-issued 44,107 ordinary shares from treasury on June 10, 2009.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3Transaction prices for the ordinary shares ranged from €11.8573 to €16.4830 and £14.1386 to £16.7806.
- 4Following the re-issue, CRH plc holds 14,991,354 ordinary shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 692,187,086.
Frequently Asked Questions
The primary purpose of this Form 6-K filing was to report a transaction where CRH plc re-issued shares from its treasury stock to employees participating in its share schemes.
This transaction reduced the number of shares held in treasury by 44,107, while the number of shares outstanding for the public remains the same, as these were treasury shares re-issued rather than new shares being created.
Treasury shares are shares that a company has repurchased from the open market and holds. Companies typically re-issue treasury shares to fulfill obligations under employee stock options, purchase plans, or for other corporate purposes, rather than issuing new shares.
The price range indicates the market value or exercise price at which the shares were transferred to employees under the share schemes. The fluctuations reflect the share price at the time of each individual transfer.