8-K

CRH PUBLIC LTD CO 8-K Report (Nov 27, 2009)

Filed November 27, 2009For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K report on November 26, 2009, disclosing transactions related to its own shares. The primary event reported is the re-issuance of treasury shares to participants in its employee share schemes. Specifically, on November 25, 2009, CRH transferred 20,488 Ordinary Shares under these schemes at various price points in both Euros and Pounds Sterling. This action reduced the number of shares held in treasury by the company.

Key Highlights

  • 1CRH announced the re-issuance of 20,488 Ordinary Shares from its treasury stock.
  • 2The shares were transferred to participants of CRH's employee share schemes.
  • 3Transactions occurred on November 25, 2009.
  • 4The re-issuance involved shares sold at prices of €16.2381 and €16.4830, and £8.7104 and £14.1386 per Ordinary Share.
  • 5Following these transfers, CRH holds 13,104,389 Ordinary Shares in treasury.
  • 6The total number of Ordinary Shares in issue, excluding treasury shares, stands at 697,381,531.

Frequently Asked Questions

The main purpose of this Form 6-K filing is to report CRH's transactions involving its own shares, specifically the re-issuance of treasury shares to employees participating in its share schemes.

This transaction slightly reduces the number of shares held in treasury, but the total number of Ordinary Shares in issue (excluding treasury shares) remains the key figure for outstanding shares, which is reported as 697,381,531 after the transaction.

Companies typically re-issue treasury shares as part of employee stock option plans, restricted stock units, or other employee compensation and incentive programs. This allows employees to benefit from share ownership and aligns their interests with those of the company's shareholders.

The listed share prices (in EUR and GBP) represent the value at which these treasury shares were transferred to employees under the share schemes. These prices are likely determined by the terms of the specific schemes, which could be linked to the market price at a particular time or a pre-determined exercise price.