Summary
CRH Public Limited Company (CRH) filed a Form 6-K report on April 29, 2010, detailing a transaction involving its own shares. The company announced the re-issue of treasury shares to participants in an employee share scheme on April 28, 2010. This action involved the transfer of 240,275 ordinary shares at prices ranging from €11.8573 to €18.8545 per share. This transaction impacts the company's outstanding share count and treasury stock. Following these transfers, CRH plc's treasury shares now stand at 10,440,786, with the total number of ordinary shares in issue, excluding treasury shares, being 700,045,134. Investors should note this activity as it relates to share dilution and the company's equity structure.
Key Highlights
- 1CRH plc re-issued treasury shares on April 28, 2010.
- 2The transaction involved 240,275 ordinary shares.
- 3Share prices ranged from €11.8573 to €18.8545 per ordinary share.
- 4These shares were transferred to participants in an employee share scheme.
- 5Following the re-issue, CRH holds 10,440,786 ordinary shares in treasury.
- 6The total number of ordinary shares in issue (excluding treasury shares) is 700,045,134.
Frequently Asked Questions
The treasury shares were re-issued to participants in an employee share scheme, which is a common practice for incentivizing and rewarding employees.
This transaction involves re-issuing shares that were already held by the company (treasury shares). Therefore, it does not increase the total number of shares outstanding in the market, but rather reduces the number of shares held in treasury and increases the number of shares in circulation to employees.
The price range (€11.8573 to €18.8545) likely reflects the prevailing market prices or the terms set by the employee share scheme at the time of the transaction. It indicates the value attributed to these shares for the purpose of the employee incentive program.
Treasury shares are shares that a company has repurchased from the open market or has had returned to it but has not cancelled. These shares are no longer outstanding and do not carry voting rights or receive dividends. Companies often hold treasury shares to re-issue for employee stock options, acquisitions, or to support the stock price.