8-K

CRH PUBLIC LTD CO 8-K Report (Apr 9, 2010)

Filed April 9, 2010For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 9, 2010, to report a transaction involving its own shares. Specifically, on April 8, 2010, the company re-issued treasury shares to participants in its employee share schemes. This action involved the transfer of 22,507 ordinary shares at prices ranging from €15.5646 to €16.2381 per share. The primary purpose of this filing is to provide transparency regarding CRH's share capital adjustments due to these employee-related share issuances. Following this re-issuance, CRH's treasury share balance decreased, with the company now holding 10,783,352 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, stands at 699,702,568. This disclosure is important for investors as it impacts the overall share count and can provide insights into the company's compensation practices and management of its equity.

Key Highlights

  • 1CRH plc re-issued 22,507 treasury shares on April 8, 2010.
  • 2The shares were transferred to participants in the company's employee share schemes.
  • 3Share prices ranged from €15.5646 to €16.2381 per ordinary share.
  • 4Following the transaction, CRH holds 10,783,352 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 699,702,568.
  • 6The filing was made on Form 6-K, indicating a report of a foreign private issuer.
  • 7The transaction was a re-issuance of treasury shares, not a new issuance of shares.

Frequently Asked Questions

The main event reported was the re-issuance of treasury shares by CRH plc to participants in its employee share schemes. This involved transferring existing shares held by the company rather than issuing new ones.

The transaction reduced the number of treasury shares held by CRH by 22,507. The total number of outstanding ordinary shares (excluding treasury shares) remains 699,702,568, while the treasury share balance is now 10,783,352.

Re-issuing treasury shares is a common way for companies to fulfill obligations under employee stock options or share purchase plans without diluting existing shareholders by issuing new shares. It reflects CRH's commitment to its employee incentive programs.

The prices of €15.5646 and €16.2381 per share represent the value at which the treasury shares were transferred to employees. These prices are likely based on the company's stock price around the transaction date and are used for accounting and compensation purposes, reflecting the value of the shares being transferred to employees.