8-K

CRH PUBLIC LTD CO 8-K Report (Jan 4, 2010)

Filed January 4, 2010For Securities:CRH

Summary

CRH plc's 8-K filing on January 4, 2010, reported a transaction involving the re-issuance of treasury shares on December 31, 2009. The company transferred 6,654 ordinary shares from its treasury stock to a participant in an employee share scheme. This transaction is minor in scale relative to the company's total shares outstanding, indicating a routine adjustment to employee compensation or incentive plans. This filing provides transparency regarding CRH's treasury share management and its commitment to employee benefit programs. Investors should note that the number of shares in treasury and outstanding remains largely unchanged, with no significant impact on the company's overall financial structure or market capitalization expected from this specific event.

Key Highlights

  • 1CRH plc re-issued 6,654 treasury shares on December 31, 2009.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The re-issuance involved transactions at prices of €11.9565 and €16.4830 per share.
  • 4Following this transaction, CRH plc holds 12,339,200 ordinary shares in treasury.
  • 5The total number of ordinary shares outstanding (excluding treasury shares) is 698,146,720.

Frequently Asked Questions

The treasury shares were re-issued to a participant in an employee share scheme, likely as part of executive compensation, long-term incentives, or employee benefit programs.

No, the re-issuance of 6,654 shares is a very small number compared to the total outstanding shares of 698,146,720. Therefore, it has no significant impact on the total number of shares outstanding or the company's market capitalization.

As of December 31, 2009, after the re-issuance, CRH plc holds 12,339,200 ordinary shares in treasury.

The use of treasury shares for employee share schemes is a common practice for publicly traded companies, including CRH, to manage employee incentives and benefits.