8-K

CRH PUBLIC LTD CO 8-K Report (Oct 21, 2010)

Filed October 21, 2010For Securities:CRH

Summary

This Form 6-K filing from CRH Public Limited Company (CRH) on October 21, 2010, reports on a transaction involving the re-issuance of treasury shares. Specifically, CRH transferred 718 Ordinary Shares to an employee share scheme participant at a price of €11.18 per share on October 20, 2010. This transaction has a minor impact on the company's outstanding share count. Following this re-issuance, CRH now holds 9,754,866 Ordinary Shares in treasury, with the total number of Ordinary Shares in issue (excluding treasury shares) standing at 708,039,645. Investors should note this is a routine transaction related to employee compensation and does not represent a significant change in the company's overall financial position or strategic direction.

Key Highlights

  • 1CRH plc re-issued 718 Ordinary Shares from treasury on October 20, 2010.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The price per Ordinary Share for this transaction was €11.18.
  • 4Following the transaction, CRH's treasury share balance is 9,754,866 Ordinary Shares.
  • 5The total number of Ordinary Shares in issue (excluding treasury shares) is 708,039,645.
  • 6This filing is a Form 6-K, indicating it is a report of a foreign private issuer.

Frequently Asked Questions

Re-issuing treasury shares is common for companies to fulfill obligations under employee stock option plans, restricted stock units, or other employee benefit programs. It allows the company to grant shares to employees without issuing new shares, which could dilute existing shareholders' ownership.

This specific transaction involves a relatively small number of shares (718). While it reduces the number of treasury shares held by CRH, the total number of outstanding shares in issue (708,039,645) remains largely unchanged from a broad investor perspective. The impact on earnings per share or overall dilution is negligible due to the small volume of shares involved.

A Form 6-K is an annual report required by the U.S. Securities and Exchange Commission (SEC) for foreign private issuers. It is used to furnish reports and other information that the company makes public or is required to disclose in its country of domicile or where it is listed on a stock exchange. This filing typically includes information not required to be filed on a Form 20-F.

The price of €11.18 per share represents the value at which the shares were transferred from treasury to the employee. This is typically determined by the terms of the employee share scheme, which may be based on the market price at a specific date or a pre-determined formula. For investors, the significance lies in understanding how the company manages its share-based compensation plans.