8-K

CRH PUBLIC LTD CO 8-K Report (Oct 22, 2009)

Filed October 22, 2009For Securities:CRH

Summary

CRH plc announced on October 22, 2009, a transaction involving the re-issuance of treasury shares. Specifically, the company transferred 201,340 Ordinary Shares to participants in its employee share schemes on October 21, 2009. These shares were transferred at prices ranging from €11.8573 to €18.7463 and £8.7104 to £14.1386, reflecting different currency denominations and market prices at the time of the transaction. Following this re-issuance, CRH plc's treasury share balance has been adjusted. The company now holds 13,178,452 Ordinary Shares in Treasury, with the total number of Ordinary Shares in issue (excluding treasury shares) standing at 693,999,988. This disclosure is relevant for investors as it impacts the share count and potentially signals management's view on share value through employee participation in share schemes.

Key Highlights

  • 1CRH plc re-issued 201,340 Ordinary Shares from its treasury stock on October 21, 2009.
  • 2These shares were transferred to participants in the company's employee share schemes.
  • 3The re-issuance involved transactions in both Euro (€) and Pound Sterling (£) denominated prices.
  • 4The Euro prices ranged from €11.8573 to €18.7463 per share.
  • 5The Pound Sterling prices ranged from £8.7104 to £14.1386 per share.
  • 6Post-transaction, CRH holds 13,178,452 Ordinary Shares in Treasury.
  • 7The number of Ordinary Shares currently in issue, excluding treasury shares, is 693,999,988.

Frequently Asked Questions

The primary purpose of this 8-K filing was to report on the re-issuance of treasury shares by CRH plc to participants in its employee share schemes. This is a routine disclosure required to inform the market about changes in the company's issued share capital and treasury stock.

The re-issuance of treasury shares does not directly impact the company's income statement or cash flow statement from an operational perspective, as these shares were already held by the company. It does, however, reduce the number of shares held in treasury and increase the number of shares outstanding (excluding treasury shares). This can affect metrics like Earnings Per Share (EPS) if the number of shares outstanding changes significantly.

CRH plc is an Irish-domiciled company, but it operates internationally and likely has listings or significant operations in both the Eurozone and the UK. The dual currency pricing reflects these different markets and the currencies in which its shares are traded or valued for its employee share schemes.

The 13,178,452 Ordinary Shares remaining in treasury can be used for various corporate purposes in the future, such as stock options for employees, acquisitions, or share buyback programs. The number of treasury shares reduces the total potential dilution if they were to be re-issued or exercised.