8-K

CRH PUBLIC LTD CO 8-K Report (Jun 26, 2009)

Filed June 26, 2009For Securities:CRH

Summary

CRH plc announced a transaction involving its own shares on June 24, 2009, which was filed on June 25, 2009. The company re-issued treasury shares to participants in its employee share schemes. This action involved the transfer of 4,317 ordinary shares at various price points in both Euros and Pounds Sterling. This re-issuance reduced the number of shares held in treasury. Following these transactions, CRH plc now holds 14,962,638 ordinary shares in treasury. The total number of ordinary shares in issue, excluding treasury shares, stands at 692,215,802. This filing provides transparency on the company's share capital structure and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 4,317 ordinary shares from its treasury stock.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices varied, ranging from €11.8573 to €15.0674 and £10.0629 to £10.8564 per ordinary share.
  • 4Following the re-issuance, CRH plc holds 14,962,638 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 692,215,802.
  • 6The filing is a Form 6-K, indicating it's a report of a foreign private issuer.

Frequently Asked Questions

The primary purpose of this filing was to report the re-issuance of treasury shares by CRH plc to participants in its employee share schemes.

The re-issuance of treasury shares reduces the number of shares held by the company in treasury, but it does not change the total number of outstanding shares in issue (excluding treasury shares). It essentially moves shares from the company's treasury to employees.

Treasury shares are a company's own shares that it has re-purchased from the open market or that were not issued initially. Companies can hold these shares and re-issue them later, for example, to fulfill employee stock options or share purchase plans, as was the case with CRH plc.

The different prices for the re-issued shares likely reflect the terms of various employee share schemes, which may have different exercise prices, vesting schedules, or pricing mechanisms based on grant dates or other factors.