8-K

CRH PUBLIC LTD CO 8-K Report (Dec 16, 2010)

Filed December 16, 2010For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) reports a transaction involving the re-issuance of treasury shares. Specifically, on December 15, 2010, CRH transferred 582 of its own ordinary shares to a participant in an employee share scheme at a price of £10.0629 per share. This transaction has a minor impact on the total number of shares outstanding but is significant in that it reduces the company's treasury stock holdings. Following this re-issuance, CRH now holds 9,410,532 ordinary shares in treasury. The total number of ordinary shares in issue, excluding these treasury shares, stands at 709,098,381. This event is primarily an administrative update related to employee compensation and share-based incentives, with no immediate substantial impact on the company's financial performance or overall share count. Investors should note this as part of CRH's ongoing management of its share capital.

Key Highlights

  • 1CRH plc re-issued 582 Ordinary Shares from treasury on December 15, 2010.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The re-issuance price was £10.0629 per Ordinary Share.
  • 4Following the transaction, CRH holds 9,410,532 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue (excluding Treasury Shares) is 709,098,381.

Frequently Asked Questions

The shares were re-issued to a participant in an employee share scheme, indicating this is part of CRH's compensation and incentive programs for its employees.

No, the transaction involved a relatively small number of shares (582) being re-issued from treasury. The total number of shares in issue remains substantial at 709,098,381, and the change in treasury stock is minor in the context of the overall share count.

This transaction primarily impacts the equity section of the balance sheet by reducing the treasury stock account and increasing shares outstanding (which were already issued but held by the company). It does not represent a new issuance of capital but rather the utilization of previously issued shares held in treasury.

This price represents the value at which the treasury shares were transferred under the employee share scheme. It could be tied to the market price at the time of the award or a pre-determined value within the scheme's rules.