Summary
CRH Public Limited Company (CRH) filed a Form 6-K on August 6, 2009, to report on a transaction involving its own shares. The company re-issued treasury shares to participants in its employee share schemes. This action is a standard corporate event, but it has implications for the number of shares outstanding and the company's treasury stock balance. Specifically, CRH transferred 17,245 ordinary shares from its treasury to employees on August 5, 2009. The prices varied by currency, with some shares priced in Euros and others in British Pounds. This re-issuance reduces the number of shares held in treasury and increases the number of outstanding shares (excluding treasury stock), which can impact per-share metrics.
Key Highlights
- 1CRH plc re-issued 17,245 Ordinary Shares from treasury to employees on August 5, 2009.
- 2The re-issuance involved shares priced in both Euros (€13.0295 per share) and British Pounds (£8.7104 and £14.1386 per share).
- 3Following this transaction, CRH plc now holds 14,842,039 Ordinary Shares in Treasury.
- 4The total number of Ordinary Shares in issue, excluding treasury shares, is now 692,336,401.
- 5This filing is a routine Form 6-K, reporting a transaction in the company's own shares, rather than a material business development.
- 6The transaction is part of CRH's employee share schemes.
Frequently Asked Questions
Re-issuing treasury shares means the company is transferring shares it previously repurchased back into circulation. This reduces the number of shares held in treasury and increases the number of shares outstanding (excluding treasury stock). This can affect metrics like earnings per share (EPS) and can be a way to compensate employees or fulfill stock option obligations.
The number of shares in treasury decreases by 17,245, and the number of outstanding shares (excluding treasury stock) increases by the same amount. The total number of issued shares remains the same, but the portion held by the company in treasury is reduced.
No, these are not newly created shares. CRH is re-issuing shares that it previously bought back from the open market and held in its treasury. Therefore, the total number of authorized shares remains unaffected.
This specific 8-K filing (which is a 6-K in this case for a foreign private issuer) is solely about a share transaction related to employee share schemes. It does not, in itself, indicate any change in CRH's overall financial performance, strategic direction, or business operations. It is a standard administrative event.