Summary
This 8-K filing by CRH Public Limited Company (CRH) on July 2, 2009, reports on a transaction involving its own shares. Specifically, CRH re-issued 10,622 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 British Pounds, reflecting market conditions at the time. Following this re-issuance, CRH now holds 14,952,016 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding those held in treasury, stands at 692,226,424. This filing provides transparency on the company's share capital management and its engagement with employee incentive programs.
Key Highlights
- 1CRH plc re-issued 10,622 ordinary shares from its treasury stock on July 1, 2009.
- 2The re-issued shares were transferred to participants in CRH's employee share schemes.
- 3Share prices for the re-issuance varied, with transactions in Euros at €11.8573 and €13.0295, and in Pounds Sterling between £8.7104 and £14.1386.
- 4After the transaction, CRH holds 14,952,016 ordinary shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 692,226,424.
- 6The filing is made on Form 6-K, indicating it is a report of a foreign private issuer.
- 7This transaction relates to CRH's ongoing management of its share capital and employee compensation.
Frequently Asked Questions
Companies typically re-issue treasury shares to fulfill obligations under employee stock purchase plans, stock options, or other employee incentive schemes. This allows employees to acquire company stock, often at a predetermined price or as part of their compensation.
The total number of ordinary shares in issue (excluding treasury shares) decreased slightly because shares were moved from treasury (which are not considered outstanding for voting or dividend purposes) to be held by employees. However, the total number of shares *issued* remains the same, but the number held by the public and employees increases while treasury stock decreases.
The varying prices in different currencies suggest that CRH operates in multiple geographic regions and that the share price reflects the specific market conditions or grant terms applicable to employees in those regions at the time of the transaction.
Treasury shares are shares that a company has repurchased from the open market or had issued back to it. These shares are not considered outstanding for purposes of calculating earnings per share or for voting rights. Companies hold them for various strategic purposes, including employee stock plans, future acquisitions, or capital restructuring.