Summary
CRH Public Limited Company (CRH) filed a Form 6-K on February 11, 2010, reporting a transaction in its own shares. The company re-issued 6,309 ordinary shares from its treasury to participants in employee share schemes. These shares were transferred at specified prices in Euros and Pounds Sterling. This transaction is significant for investors as it impacts the company's outstanding share count and treasury stock balance.
Key Highlights
- 1CRH plc re-issued 6,309 ordinary shares from treasury on February 10, 2010.
- 2The shares were transferred to participants in the company's employee share schemes.
- 3Transaction prices were €15.5646 and Stg£14.4903 per Ordinary Share.
- 4Following this re-issuance, CRH plc holds 12,332,028 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares in issue, excluding treasury shares, is now 698,153,892.
Frequently Asked Questions
The primary purpose of this Form 6-K filing was to report a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to employees.
When treasury shares are re-issued, they increase the number of outstanding shares. In this case, 6,309 shares were re-issued, leading to an increase in the share count available to the public and employees.
The treasury stock balance represents shares that the company has repurchased but not yet retired. A decrease in treasury stock, as seen here, indicates that these shares are being put back into circulation, typically for employee compensation or other corporate purposes.
The use of different currencies suggests that CRH operates internationally and its employee share schemes may be denominated in or settled using different currencies depending on the location of the participants. The prices reflect the market value at the time of transfer in those respective currencies.