8-K

CRH PUBLIC LTD CO 8-K Report (Mar 25, 2010)

Filed March 25, 2010For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K reporting a transaction involving its own shares. On March 24, 2010, the company re-issued 308,902 ordinary shares from its treasury to participants in its employee share schemes. This action impacts the company's outstanding share count and treasury share balance. The prices at which these shares were re-issued varied, reflecting different currencies (Euros and Sterling) and potentially different grant conditions or market values at the time of re-issuance. Following this re-issuance, CRH now holds 11,687,952 ordinary shares in treasury. The total number of ordinary shares in issue, excluding treasury shares, stands at 698,797,968. This disclosure is important for investors as it affects share dilution, earnings per share calculations, and the overall capital structure of the company. Understanding the details of treasury share transactions can provide insights into management's compensation practices and the company's approach to managing its share capital.

Key Highlights

  • 1CRH plc re-issued 308,902 ordinary shares from treasury on March 24, 2010.
  • 2These shares were transferred to participants in employee share schemes.
  • 3The re-issuance involved shares priced in both Euros (€11.18 to €17.7454) and Sterling (£11.36 to £12.9574).
  • 4Following the transaction, CRH holds 11,687,952 ordinary shares in treasury.
  • 5The number of ordinary shares in issue (excluding treasury shares) is now 698,797,968.
  • 6The filing is made on Form 6-K, indicating it's a report from a foreign private issuer.
  • 7The transaction is categorized as 'Transaction in Own Shares'.

Frequently Asked Questions

The primary purpose of this filing is to report CRH's transaction involving its own shares, specifically the re-issuance of treasury shares to employees under share schemes. This is a required disclosure for publicly traded companies.

The re-issuance reduces the number of shares held in treasury and increases the number of shares outstanding (excluding treasury shares). In this case, 308,902 shares were moved from CRH's treasury to be held by employees, thereby increasing the total number of shares in circulation.

The varying prices and currencies likely reflect different employee share schemes, grant dates, and the prevailing market exchange rates or share prices at the time the awards were granted or the shares were re-issued. Different schemes might have different strike prices or be denominated in different currencies based on employee location or plan design.

Treasury shares are shares that a company has repurchased from the open market or, as in this case, has previously issued and later repurchased or otherwise reacquired. Companies hold treasury shares for various reasons, including fulfilling obligations under employee stock option plans, share purchase plans, or for potential future acquisitions. They are not counted as outstanding shares for voting or dividend purposes.