8-K

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

Filed June 18, 2010For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K with the SEC on June 17, 2010, reporting transactions related to its own shares. On June 16, 2010, the company re-issued 56,462 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at varying prices denominated in both Euros and Pounds Sterling. This transaction had a minor impact on the company's outstanding share count. Following the re-issuance, CRH's treasury stock decreased, and the total number of ordinary shares outstanding (excluding treasury shares) was reported at 707,820,773. Investors should note this action reflects the company's ongoing engagement with its employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 56,462 ordinary shares from treasury on June 16, 2010.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices varied, denominated in both Euros (€11.8573 - €18.7463) and Pounds Sterling (£11.1630 - £16.7806).
  • 4Following the re-issuance, CRH holds 9,973,738 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) stands at 707,820,773.
  • 6This filing is a Form 6-K, indicating a report of foreign private issuers.
  • 7The transaction is related to the company's employee compensation and incentive plans.

Frequently Asked Questions

The main purpose of this filing (Form 6-K) was to report CRH's re-issuance of its own shares from treasury to employees participating in its share schemes.

No, the transaction involved a relatively small number of shares (56,462) re-issued from treasury. The total number of shares in issue (excluding treasury shares) remained substantial at 707,820,773, indicating a minor adjustment rather than a significant change.

Companies typically re-issue shares from treasury to fulfill obligations under employee stock options, restricted stock units, or other employee share purchase and incentive plans. This allows employees to benefit from share ownership without diluting the existing shareholder base by issuing new shares.

Treasury stock refers to shares that a company has repurchased from the open market but has not yet retired or re-issued. These shares are no longer considered outstanding for voting or dividend purposes but can be used by the company for various corporate actions, such as employee compensation or acquisitions.