8-K

CRH PUBLIC LTD CO 8-K Report (May 13, 2010)

Filed May 13, 2010For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K report on May 13, 2010, to disclose a transaction involving its own shares. Specifically, the company announced the re-issuance of treasury shares to participants in an employee share scheme. This transaction involved the transfer of 293,609 ordinary shares at prices ranging from €11.8573 to €17.7454 per share. This disclosure is important for investors as it affects the company's share count and can provide insight into employee compensation and retention strategies. Following this re-issuance, CRH plc's treasury share balance was reduced to 10,068,438 ordinary shares, with the total number of ordinary shares in issue (excluding treasury shares) standing at 707,726,073. Investors should monitor these changes as they can impact earnings per share and overall market capitalization.

Key Highlights

  • 1CRH plc re-issued 293,609 ordinary shares from its treasury.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The transaction occurred on May 12, 2010.
  • 4Share prices ranged from €11.8573 to €17.7454 per ordinary share.
  • 5Post-transaction, CRH plc holds 10,068,438 ordinary shares in treasury.
  • 6The number of ordinary shares outstanding (excluding treasury shares) is 707,726,073.

Frequently Asked Questions

The primary purpose of this 6-K filing is to inform investors about CRH plc's transaction of re-issuing treasury shares to employees under an employee share scheme.

This transaction reduces the number of shares held in treasury by 293,609. The total number of outstanding ordinary shares (excluding treasury shares) remains 707,726,073, as the re-issued shares were previously held in treasury.

Treasury shares are shares that a company has repurchased from the open market but has not yet cancelled. They do not have voting rights and do not receive dividends. Re-issuing treasury shares, as done here for employee schemes, reduces the treasury stock and increases the number of shares available for trading or for potential future dilution.

The price range (€11.8573 to €17.7454) likely reflects the market price or a formula-based valuation at the time of issuance to employees. This information can give investors an indication of the value attributed to employee compensation through equity.