8-K

CRH PUBLIC LTD CO 8-K Report (Feb 18, 2010)

Filed February 18, 2010For Securities:CRH

Summary

This 8-K filing from CRH Public Ltd Co. (CRH) reports on a transaction involving its own shares on February 17, 2010. The company transferred 357 Ordinary Shares to a participant in an employee share scheme at a price of €11.18 per share. This transaction resulted in a slight adjustment to CRH's treasury share holdings and its total number of outstanding shares. While the individual transaction is small, it provides insight into CRH's ongoing management of its share capital and its commitment to employee incentive programs. For investors, this filing signals that CRH is actively managing its treasury stock, likely in connection with employee compensation and benefits. The price of €11.18 per share offers a data point for understanding the valuation at which these internal share transfers are occurring. The net effect on the total shares outstanding is minimal, suggesting no significant dilution or change in ownership structure as a result of this specific event. Investors should view this as a routine operational disclosure related to corporate governance and employee engagement.

Key Highlights

  • 1CRH plc transferred 357 Ordinary Shares on February 17, 2010.
  • 2The transfer was to a participant in an employee share scheme.
  • 3The price per Ordinary Share for this transaction was €11.18.
  • 4Following the transaction, CRH holds 12,331,671 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue (excluding Treasury Shares) is 698,154,249.

Frequently Asked Questions

The shares were transferred to a participant in an employee share scheme, indicating it was likely part of the company's executive or employee compensation and incentive programs.

This specific transaction involved the re-issuance of treasury shares, meaning the shares were already held by the company. Therefore, it does not increase the total number of shares outstanding; it only reduces the number of shares held in treasury and consequently adjusts the issued shares figure by a small amount.

The price of €11.18 per share provides a reference point for the internal valuation of CRH shares for employee schemes at that specific time. While not a market-driven trading price, it can offer some insight into the company's perception of its share value for compensation purposes.

Treasury shares are a company's own shares that it has repurchased from the open market. These shares are no longer outstanding and do not carry voting rights or pay dividends. CRH holds these shares and can re-issue them for various purposes, such as employee stock options or acquisitions.