8-K

CRH PUBLIC LTD CO 8-K Report (Dec 31, 2009)

Filed December 31, 2009For Securities:CRH

Summary

CRH plc filed a Form 6-K on December 31, 2009, reporting on a transaction involving its own shares. Specifically, the company re-issued treasury shares to participants in its employee share schemes on December 30, 2009. This action involved the transfer of 43,551 ordinary shares at prices ranging from €11.8573 to €18.7463 per share. This transaction resulted in a reduction of CRH's treasury share balance to 12,345,854 ordinary shares. The total number of ordinary shares in issue, excluding treasury shares, is now 698,140,066. This filing provides transparency regarding the company's share capital management and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 43,551 treasury shares to employees.
  • 2The share re-issuance occurred on December 30, 2009.
  • 3The transaction prices for the re-issued shares ranged from €11.8573 to €18.7463.
  • 4Following the transaction, CRH holds 12,345,854 ordinary shares in treasury.
  • 5The number of outstanding ordinary shares (excluding treasury) is 698,140,066.
  • 6The filing is a Form 6-K, typical for foreign private issuers reporting material events.

Frequently Asked Questions

The primary purpose of this filing was to report CRH plc's re-issuance of treasury shares to participants in its employee share schemes, providing an update on the company's share capital and treasury stock.

CRH re-issued 43,551 ordinary shares from its treasury to employees.

The re-issuance of treasury shares does not change the total number of outstanding shares from an investor's perspective, as these shares were already issued and then held by the company. However, it reduces the number of shares held in treasury and consequently increases the number of shares considered in the 'in issue' count, excluding treasury stock.

Treasury shares are shares that a company has repurchased from the open market or that were not initially issued and are held by the company itself. They are not considered outstanding for voting or dividend purposes and are often used for employee stock option plans or future acquisitions.