Summary
CRH plc filed a Form 6-K on November 5, 2009, reporting a transaction involving its own shares. Specifically, the company re-issued 10,665 ordinary shares from its treasury to participants in its employee share schemes on November 4, 2009. The re-issuance occurred at varying price points, denominated in both Euros and Pounds Sterling, reflecting market conditions at the time. This action reduced the company's treasury share count and increased its outstanding shares available to employees.
Key Highlights
- 1CRH plc re-issued 10,665 ordinary shares on November 4, 2009.
- 2The shares were transferred to participants in CRH's employee share schemes.
- 3The re-issuance prices ranged from €11.8573 to €15.5646 and £8.7104 to £14.1386 per share.
- 4Following this transaction, CRH plc holds 13,165,861 ordinary shares in treasury.
- 5The total number of ordinary shares currently in issue (excluding treasury shares) is 697,320,059.
Frequently Asked Questions
CRH plc reported a re-issuance of treasury shares. This means the company transferred shares it previously held back into circulation, specifically to employee share scheme participants.
Companies typically re-issue treasury shares to fulfill obligations under employee stock options, employee stock purchase plans, or other equity-based compensation plans. This allows employees to benefit from share ownership.
The re-issuance of 10,665 treasury shares increases the number of outstanding ordinary shares available to the public and employees. The company's total issued shares (excluding treasury) now stand at 697,320,059.
The transaction reduced CRH's holdings of treasury shares by 10,665. The company now holds 13,165,861 ordinary shares in treasury.