Summary
CRH Public Limited Company (CRH) filed a Form 6-K on October 14, 2010, reporting a transaction involving its own shares. Specifically, on October 13, 2010, CRH re-issued 225 Ordinary Shares from its treasury to a participant in an employee share scheme at a price of £16.7806 per share. This transaction resulted in a minor adjustment to CRH's treasury share balance and the number of shares outstanding. Following this re-issue, CRH now holds 9,755,584 Ordinary Shares in treasury, with 708,038,927 Ordinary Shares in circulation (excluding treasury shares). This disclosure is primarily administrative and relates to the company's management of its share capital and employee incentive programs.
Key Highlights
- 1CRH plc re-issued 225 Ordinary Shares from treasury on October 13, 2010.
- 2The shares were transferred to a participant in an employee share scheme.
- 3The transaction price was £16.7806 per Ordinary Share.
- 4Following the transaction, CRH holds 9,755,584 Ordinary Shares in treasury.
- 5The number of outstanding Ordinary Shares (excluding treasury shares) is now 708,038,927.
Frequently Asked Questions
The transaction involved the re-issuance of treasury shares to a participant in an employee share scheme. This is a common practice for companies to fulfill obligations under employee stock purchase or incentive plans.
This transaction re-issued shares that were already held in treasury. Therefore, it did not change the total number of shares CRH has issued or the total market capitalization. It only reduced the number of shares held in treasury and slightly increased the number of shares in general circulation.
The price of £16.7806 per share reflects the valuation at which CRH transferred the shares from its treasury to the employee. This price is likely determined by company policy, the terms of the share scheme, and potentially market conditions around the time of the transaction.
Form 6-K is used by foreign private issuers to report information that they have made or are required to make public pursuant to the laws of their home country, or that they have filed or are required to file with a stock exchange. This transaction in own shares is being reported as required, likely under Irish stock exchange rules or to keep the SEC informed of significant share capital changes.