8-K

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

Filed June 25, 2010For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 24, 2010, reporting a transaction involving its own shares. The company announced the re-issuance of treasury shares to participants in its employee share schemes on June 23, 2010. This transaction involved 82,184 Ordinary Shares, with prices ranging from €11.9565 to €18.3946 and £11.1630 to £16.7806 per share, depending on the currency. This action is a routine part of managing employee incentive programs and aims to align employee interests with those of shareholders by providing equity-based compensation. Following this re-issuance, CRH's treasury stock position was updated to 9,891,554 Ordinary Shares. The total number of ordinary shares outstanding, excluding these treasury shares, stands at 707,902,957. This filing provides transparency on the company's share capital structure and its ongoing engagement with employee compensation strategies, which can be an indicator of management's confidence and commitment to retaining talent.

Key Highlights

  • 1CRH re-issued 82,184 Ordinary Shares from its treasury stock.
  • 2The shares were transferred to participants in the company's employee share schemes.
  • 3Transaction occurred on June 23, 2010.
  • 4Share prices ranged from €11.9565 to €18.3946 and £11.1630 to £16.7806.
  • 5Following the transaction, CRH holds 9,891,554 Ordinary Shares in treasury.
  • 6The number of Ordinary Shares in issue (excluding treasury shares) is 707,902,957.

Frequently Asked Questions

The main purpose of this Form 6-K filing is to report CRH's transaction involving the re-issuance of treasury shares to employees under its share schemes. This provides updated information on the company's share capital and treasury stock levels.

CRH re-issued treasury shares as part of its employee share schemes. This is a common practice to provide equity-based compensation and incentives to employees, aligning their interests with those of shareholders and aiding in talent retention.

The re-issuance of treasury shares reduces the number of shares held in treasury and increases the number of shares outstanding (excluding treasury shares). After this transaction, CRH has 707,902,957 Ordinary Shares in issue, excluding the 9,891,554 shares still held in treasury.

The re-issued shares were transferred at prices between €11.9565 and €18.3946 per Ordinary Share in Euros, and between £11.1630 and £16.7806 per Ordinary Share in Pounds Sterling.