8-K

CRH PUBLIC LTD CO 8-K Report (Oct 16, 2009)

Filed October 16, 2009For Securities:CRH

Summary

CRH plc filed a Form 6-K on October 16, 2009, to report a transaction involving its own shares. Specifically, the company re-issued 240,124 treasury shares to participants in its employee share schemes on October 15, 2009. These shares were transferred at varying prices denominated in both Euros and British Pounds, reflecting market conditions at the time. This filing updates the company's outstanding share count and treasury stock position. Following these re-issuances, CRH plc now holds 13,379,792 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) standing at 693,798,648. Investors should note this activity as it impacts the share count and can be an indicator of employee compensation and retention strategies.

Key Highlights

  • 1CRH plc re-issued 240,124 treasury shares on October 15, 2009.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3Transaction prices varied, with some shares priced between €11.8573 and €20.8833, and others between £8.7104 and £14.1386.
  • 4Following the re-issuance, CRH plc's treasury share balance is 13,379,792 ordinary shares.
  • 5The total number of ordinary shares outstanding (excluding treasury shares) is now 693,798,648.
  • 6This filing is a Form 6-K, reporting a transaction by a foreign private issuer.

Frequently Asked Questions

The primary purpose of this Form 6-K filing was to report CRH plc's re-issuance of treasury shares to participants in its employee share schemes. This is a standard disclosure for foreign private issuers regarding significant corporate actions related to their share capital.

CRH re-issued treasury shares as part of its employee share schemes. This is a common practice for companies to reward employees, incentivize performance, and align employee interests with those of shareholders.

The re-issuance of treasury shares reduces the number of shares held in treasury and increases the number of shares outstanding and in issue. Specifically, after this transaction, CRH holds 13,379,792 treasury shares and has 693,798,648 ordinary shares in issue (excluding treasury shares).

The varying price ranges in both Euros (€) and British Pounds (£) reflect the fact that CRH plc is an international company, and its employee share schemes may involve participants in different geographical regions or currency denominations. The prices likely represent the fair market value of the shares at the time of transfer, adjusted for currency exchange rates.