8-K

CRH PUBLIC LTD CO 8-K Report (Jul 15, 2010)

Filed July 15, 2010For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) on July 15, 2010, reports on transactions involving the company's own shares. Specifically, CRH transferred 1,659 Ordinary Shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from €11.18 to €20.8833 and £11.1630 to £16.7806, reflecting market valuations at the time of the transactions. This action slightly reduces the company's treasury stock holdings while increasing the number of shares outstanding, a common practice for employee compensation and long-term incentive programs. Following these transfers, CRH's total treasury share balance stands at 9,793,619 Ordinary Shares. The number of outstanding shares, excluding treasury shares, is now 708,000,892. Investors should note that such re-issuance of treasury shares does not represent a new equity issuance by the company but rather the reallocation of existing shares, generally aimed at aligning employee interests with shareholder value.

Key Highlights

  • 1CRH plc re-issued 1,659 Ordinary Shares from its treasury to participants in its employee share schemes.
  • 2The share transfers occurred at varying prices in both Euros (€11.18 - €20.8833) and Pounds Sterling (£11.1630 - £16.7806).
  • 3Following these transactions, CRH's treasury share holdings decreased to 9,793,619 Ordinary Shares.
  • 4The number of outstanding Ordinary Shares (excluding treasury shares) is now reported as 708,000,892.
  • 5This filing is a Form 6-K, indicating a report of foreign private issuers.
  • 6The transaction is related to the company's employee share schemes, a common incentive mechanism.

Frequently Asked Questions

This filing (Form 6-K) reports on CRH plc's re-issuance of treasury shares to participants in its employee share schemes. It's an update on the company's share capital and treasury stock, required by SEC regulations for foreign private issuers.

CRH transferred 1,659 Ordinary Shares from its treasury. These shares were given to participants in the company's employee share schemes as part of their compensation or incentives.

This transaction reduces the number of shares held in treasury and increases the number of shares outstanding (excluding treasury shares). The filing specifies that after the transfer, CRH holds 9,793,619 treasury shares and has 708,000,892 ordinary shares outstanding.

Re-issuing treasury shares is generally a neutral event for investors in terms of dilution, as these shares were already issued and outstanding previously. It indicates the company is utilizing existing shares for employee incentives, which can help align employee interests with long-term company performance.