8-K

CRH PUBLIC LTD CO 8-K Report (Jan 22, 2010)

Filed January 22, 2010For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on January 21, 2010, reporting a transaction involving its own shares. Specifically, on January 20, 2010, the company transferred 406 ordinary shares from its treasury to participants in its employee share scheme. The shares were transferred at prices ranging from Stg£11.163 to Stg£14.1386 per share. This transaction had a minor impact on CRH's outstanding share count. Following the re-issuance, the company's treasury stock decreased, and the number of ordinary shares in issue (excluding treasury shares) now stands at 698,147,583. The total number of ordinary shares held in treasury is 12,338,337. Investors should note that this is a routine transaction related to employee compensation and does not represent a significant strategic shift or financial event for the company.

Key Highlights

  • 1CRH plc re-issued 406 ordinary shares from its treasury to participants in its employee share scheme on January 20, 2010.
  • 2The transfer prices for these shares ranged from Stg£11.163 to Stg£14.1386 per ordinary share.
  • 3Following the transaction, CRH plc now holds 12,338,337 ordinary shares in treasury.
  • 4The total number of ordinary shares in issue, excluding treasury shares, is now 698,147,583.
  • 5This filing is a Form 6-K, indicating it's a report from a foreign private issuer.
  • 6The transaction is related to the company's employee share scheme, a common practice for stock-based compensation.
  • 7The reported event date was January 20, 2010, with the filing made on January 21, 2010.

Frequently Asked Questions

The main purpose of this filing was to report the re-issuance of treasury shares to participants in CRH's employee share scheme. This is a standard disclosure requirement for such transactions.

This transaction slightly reduces the number of shares held in treasury and increases the number of shares in issue (excluding treasury shares) by 406. The total number of shares in issue (excluding treasury) is now 698,147,583.

No, this is a routine transaction related to the company's employee share scheme. The number of shares re-issued is very small relative to the total shares outstanding, and it's a common practice for employee compensation.

Treasury shares are shares that a company has repurchased from the open market but has not yet cancelled. They can be re-issued for various purposes, such as employee stock options, acquisitions, or dividend reinvestment plans, as seen in this case for the employee share scheme.