8-K

CRH PUBLIC LTD CO 8-K Report (Oct 13, 2009)

Filed October 13, 2009For Securities:CRH

Summary

This 8-K filing by CRH Public Limited Company (CRH) reports on a transaction involving the re-issuance of treasury shares. On October 7, 2009, CRH transferred 78,375 of its own ordinary shares to participants in its employee share schemes. The prices for these re-issued shares varied, ranging from €11.8573 to €24.2467 and from £8.7104 to £14.1386 per share, reflecting different currency denominations and potential vesting schedules or pricing mechanisms within the schemes. Following this re-issuance, CRH's treasury share balance decreased to 13,619,916 ordinary shares. The total number of ordinary shares outstanding, excluding those held in treasury, stands at 693,558,524. This transaction is primarily an internal administrative action related to employee compensation and does not represent a new issuance of shares to the public or a change in the company's overall capital structure. Investors should note this is a routine event for companies with employee stock plans.

Key Highlights

  • 1CRH re-issued 78,375 treasury shares on October 7, 2009.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices varied by currency: €11.8573-€24.2467 and £8.7104-£14.1386 per share.
  • 4CRH's treasury share balance reduced to 13,619,916 ordinary shares.
  • 5The number of outstanding ordinary shares (excluding treasury) is 693,558,524.

Frequently Asked Questions

The primary purpose of this filing is to report a transaction where CRH re-issued shares it previously held in its treasury to employees participating in its share schemes. This is a regulatory requirement for such transactions.

This transaction does not increase the total number of shares outstanding in the market. It involves shares that CRH already held (treasury shares) being moved back into circulation, specifically to employees. The number of shares held in treasury decreased, and the number of shares outstanding (excluding treasury) remained the same as before the re-issuance.

The different prices reflect transactions in both Euros (€) and British Pounds (£), indicating CRH's operations in different currency regions. The specific price within each currency range likely depends on the terms of the respective employee share schemes, such as the exercise price, vesting date, or market price at the time of the transaction.

This is primarily an administrative event related to employee compensation and share incentives. It does not typically have a direct, immediate impact on CRH's financial performance or stock valuation, as no new capital is being raised and the total number of shares in issue remains effectively unchanged.