Summary
CRH Public Limited Company (CRH) filed a Form 6-K on August 26, 2010, reporting a transaction in its own shares. Specifically, on August 25, 2010, the company re-issued 623 ordinary shares from its treasury stock to participants in an employee share scheme. These shares were transferred at prices of £11.1630 and £16.7806 per share. This transaction had a minor impact on the total number of shares outstanding. Following this re-issuance, CRH plc now holds 9,757,797 ordinary shares in treasury. The total number of ordinary shares in issue, excluding treasury shares, stands at 708,036,714. This filing provides transparency regarding CRH's share capital management and its commitment to employee incentives through share-based compensation.
Key Highlights
- 1CRH plc re-issued 623 ordinary shares from treasury on August 25, 2010.
- 2The re-issued shares were part of an employee share scheme.
- 3The transfer prices for the shares were £11.1630 and £16.7806 per share.
- 4Following the transaction, CRH holds 9,757,797 ordinary shares in treasury.
- 5The total number of ordinary shares in issue (excluding treasury shares) is 708,036,714.
Frequently Asked Questions
The primary purpose of this filing was to report a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to employees under an incentive scheme.
This transaction involved re-issuing shares from treasury, meaning shares that were previously held by the company are now being put back into circulation. The total number of shares in issue (excluding treasury shares) has been updated to 708,036,714, reflecting this change.
Shares held 'in Treasury' are ordinary shares that the company has repurchased but has not cancelled. These shares can be re-issued later, for example, to satisfy employee stock options or share schemes, as was the case here.
The different price points likely reflect the terms of the specific employee share scheme, which may have different vesting periods, performance conditions, or grant dates associated with the shares being re-issued. This is a common practice in equity-based compensation plans.