8-K

CRH PUBLIC LTD CO 8-K Report (Sep 17, 2009)

Filed September 17, 2009For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to report on transactions involving its own shares. On September 16, 2009, the company transferred 79,524 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at varying prices, denominated in both Euros and British Pounds, reflecting the market conditions at the time. This transaction has resulted in a reduction of CRH's treasury shares, with the company now holding 14,333,731 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding those held in treasury, stands at 692,844,709. This filing provides transparency regarding CRH's share capital management and its commitment to employee incentive programs.

Key Highlights

  • 1CRH announced the re-issue of treasury shares on September 16, 2009.
  • 2A total of 79,524 ordinary shares were transferred.
  • 3The shares were transferred to participants in an employee share scheme.
  • 4Transaction prices varied, ranging from €11.8573 to €17.7454 and £8.7104 to £14.1386 per ordinary share.
  • 5Following the re-issue, CRH now holds 14,333,731 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue (excluding treasury shares) is 692,844,709.

Frequently Asked Questions

The purpose of the transaction was to re-issue treasury shares to participants in an employee share scheme, as part of CRH's ongoing incentive programs for its employees.

This transaction reduces the number of shares held in treasury, but the total number of ordinary shares in issue, excluding treasury shares, remains 692,844,709. The reduction in treasury shares is a result of shares being transferred out of treasury for employee benefit.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired or canceled. Companies hold treasury shares for various reasons, including to satisfy obligations under employee share option plans, for use in acquisitions, or for potential future re-issuance.

Yes, the prices at which the treasury shares were transferred reflect the market value of CRH's ordinary shares at the time of the transaction. The variations in price are due to different currencies (Euro and Sterling) and potentially different exercise prices or grant dates for the employee share awards.