Summary
CRH Public Limited Company (CRH) filed a Form 6-K on December 9, 2010, reporting a transaction involving its own shares. The company announced the re-issuance of treasury shares to participants in an employee share scheme. This action involved the transfer of 741 ordinary shares at a price of £16.7806 per share. This event, while involving a small number of shares, is relevant to investors as it affects the company's outstanding share count and treasury stock position. Following this transaction, CRH's treasury shares stand at 9,411,114, with 709,097,799 ordinary shares remaining in issue, excluding treasury shares. Investors should monitor these figures as they can impact earnings per share calculations and overall equity structure.
Key Highlights
- 1CRH plc announced the re-issuance of 741 ordinary shares from its treasury stock.
- 2The shares were transferred to participants in an employee share scheme.
- 3The transaction price was £16.7806 per ordinary share.
- 4Following the re-issuance, CRH now holds 9,411,114 ordinary shares in treasury.
- 5The total number of ordinary shares in issue, excluding treasury shares, is 709,097,799.
- 6This filing is made on Form 6-K, indicating it's a report from a foreign private issuer.
- 7The event date for this transaction was December 8, 2010.
Frequently Asked Questions
Re-issuing treasury shares means CRH is using shares that it previously bought back from the market or that were returned to the company. In this case, the shares were used to fulfill obligations under an employee share scheme. This increases the number of shares outstanding that are held by the public.
This transaction directly affects the 'Treasury Stock' line item on the balance sheet, reducing its value and the number of treasury shares held. It also impacts the number of 'Ordinary Shares Outstanding' used in per-share calculations (like Earnings Per Share), effectively increasing it. The proceeds from the sale are typically credited to the treasury stock account or additional paid-in capital.
Companies often re-issue treasury shares to employees as part of their compensation and incentive programs. This can include stock options, restricted stock units (RSUs), or employee stock purchase plans. It aligns employee interests with those of shareholders by giving them an ownership stake in the company.
The re-issuance of 741 shares is a very small number relative to the total shares outstanding (709,097,799 excluding treasury shares). Therefore, this specific transaction is unlikely to have a material impact on CRH's share price or its key financial metrics like earnings per share in the short term.