8-K

CRH PUBLIC LTD CO 8-K Report (Dec 3, 2009)

Filed December 3, 2009For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on December 3, 2009, reporting a transaction in its own shares. Specifically, the company announced the re-issuance of treasury shares to participants in its employee share schemes. This action involved the transfer of 11,329 ordinary shares on December 2, 2009, at varying prices in both Euros and British Pounds. This filing is important for investors as it provides an update on the company's share structure. Following these re-issuances, CRH now holds 12,851,276 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) standing at 697,634,644. This information is relevant for understanding share dilution, earnings per share calculations, and overall corporate governance practices related to employee compensation and share-based incentives.

Key Highlights

  • 1CRH announced the re-issuance of treasury shares on December 2, 2009.
  • 211,329 Ordinary Shares were transferred to participants in employee share schemes.
  • 3Share transfers occurred at prices ranging from €11.8573 to €20.8833 and £9.9137 to £14.1386 per share.
  • 4Following the transaction, CRH holds 12,851,276 Ordinary Shares in Treasury.
  • 5The number of Ordinary Shares in issue, excluding Treasury Shares, is 697,634,644.
  • 6The filing is a Form 6-K, reporting a transaction by a foreign private issuer.

Frequently Asked Questions

The transaction involved the re-issuance of CRH's own shares from its treasury stock to employees participating in its share schemes. This is a common practice for fulfilling employee stock options, awards, or grants.

The re-issuance reduces the number of shares held in treasury and increases the number of shares outstanding (excluding treasury shares). In this case, 11,329 shares were re-issued, decreasing treasury stock and increasing shares in issue to 697,634,644.

Holding shares in treasury allows a company flexibility for various purposes, including fulfilling employee stock plans, share buybacks, acquisitions, or other corporate actions, without needing to issue new shares.

The variation in prices for the re-issued shares is likely due to different grant or exercise dates of the employee share schemes, or the use of different currency prices at the time of the transactions.