Summary
CRH plc (CRH) announced a transaction on September 15, 2010, involving the re-issuance of treasury shares to a participant in an employee share scheme. A total of 30 Ordinary Shares were transferred at a price of £11.1630 per share. This transaction had a minimal impact on the company's overall share structure. Following this re-issuance, CRH plc's treasury share balance stands at 9,756,203 Ordinary Shares. The total number of Ordinary Shares currently in issue, excluding these treasury shares, is 708,038,308. Investors should note that this event is primarily related to the management of employee share plans and does not represent a significant strategic or financial move for the company.
Key Highlights
- 1CRH plc re-issued 30 Ordinary Shares from its treasury on September 15, 2010.
- 2The re-issuance was to a participant in an employee share scheme.
- 3The transaction price was £11.1630 per Ordinary Share.
- 4After the transaction, CRH holds 9,756,203 Ordinary Shares in Treasury.
- 5The total number of issued Ordinary Shares (excluding treasury shares) is 708,038,308.
Frequently Asked Questions
The purpose of this transaction was to re-issue treasury shares to a participant in CRH's employee share scheme, likely to fulfill obligations related to that plan.
This transaction slightly reduces the number of shares held in treasury, but the total number of issued shares (excluding treasury shares) remains the primary figure for outstanding shares, which is 708,038,308. The impact on the overall market capitalization is negligible due to the small number of shares involved.
Treasury shares are shares that a company has repurchased from the open market or has issued and later repurchased. They are held by the company and can be re-issued to employees, used for acquisitions, or canceled. They do not have voting rights or pay dividends while held in treasury.