8-K

CRH PUBLIC LTD CO 8-K Report (Aug 6, 2010)

Filed August 6, 2010For Securities:CRH

Summary

This 8-K filing by CRH Public Ltd Co. (CRH) on August 5, 2010, reports a transaction involving the re-issuance of treasury shares. Specifically, on August 4, 2010, CRH transferred 1,745 Ordinary Shares to participants in an employee share scheme. The shares were re-issued at prices of £11.1630 and £16.7806 per share. This action resulted in a slight reduction of CRH's total issued share capital held outside of treasury. Post-transaction, the company holds 9,775,623 Ordinary Shares in treasury, with the number of outstanding Ordinary Shares (excluding treasury shares) standing at 708,018,888. Investors should note that such transactions are common for companies with employee stock option plans and are typically a part of their capital management strategy.

Key Highlights

  • 1CRH Public Ltd Co. re-issued 1,745 Ordinary Shares from its treasury on August 4, 2010.
  • 2The re-issuance was to participants in an employee share scheme.
  • 3The shares were transferred at prices of £11.1630 and £16.7806 per share.
  • 4Following this transaction, CRH holds 9,775,623 Ordinary Shares in treasury.
  • 5The total number of outstanding Ordinary Shares, excluding treasury shares, is now 708,018,888.
  • 6The filing was made on August 5, 2010, under Form 6-K.

Frequently Asked Questions

The primary purpose of this filing was to report CRH's re-issuance of treasury shares to employees participating in an employee share scheme.

CRH re-issued 1,745 Ordinary Shares. These were transferred at two different prices: £11.1630 and £16.7806 per share.

The re-issuance slightly reduced the number of outstanding shares. After the transaction, CRH holds 9,775,623 shares in treasury and has 708,018,888 Ordinary Shares outstanding (excluding treasury shares).

Generally, no. The re-issuance of treasury shares for employee share schemes is a common corporate practice and is typically not a cause for concern. It represents the company fulfilling its obligations under its incentive plans.