Summary
CRH Public Limited Company (CRH) has filed a Form 6-K, reporting a transaction involving its own shares. On November 19, 2009, the company transferred 25,504 Ordinary Shares to the Trustees of its employee share participation scheme at a price of €17.16 per share. This transaction reduced the number of shares held in treasury by CRH.
Key Highlights
- 1CRH plc re-issued treasury shares to its employee share participation scheme.
- 2A total of 25,504 Ordinary Shares were transferred.
- 3The transfer occurred on November 19, 2009.
- 4The transaction price was €17.16 per Ordinary Share.
- 5Following the transaction, CRH holds 13,124,877 Ordinary Shares in Treasury.
- 6The number of Ordinary Shares in issue, excluding treasury shares, is 697,361,043.
Frequently Asked Questions
The transaction involved the re-issuance of treasury shares to the Trustees of CRH's employee share participation scheme, likely to fulfill obligations under that scheme.
This specific transaction re-issued shares that CRH already held in treasury. Therefore, it does not change the total number of shares outstanding (issued and outstanding excluding treasury). The number of shares held in treasury decreased, and the number of shares held by employees via the trust increased.
The €17.16 per share price represents the value at which these treasury shares were transferred to the employee share participation scheme's trustees. This is relevant for accounting and employee benefit calculations.
Treasury shares are shares that a company has repurchased from the open market but has not yet retired. Companies can reissue these shares for various purposes, such as employee stock options, acquisitions, or to boost earnings per share metrics by reducing the number of shares outstanding.