Summary
CRH plc has reported a transaction involving its own shares on December 22, 2010. The company re-issued 47,688 ordinary shares from its treasury to participants in employee share schemes. These shares were transferred at prices ranging from €11.8573 to €15.0674 per share. This action has resulted in a slight reduction in the number of shares held in treasury. Following this re-issuance, CRH plc now holds 9,362,844 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding these treasury shares, stands at 709,146,069. Investors should note that while this is a common practice for employee compensation, it does affect the company's treasury stock balance and the total number of shares in issue.
Key Highlights
- 1CRH plc re-issued 47,688 ordinary shares on December 22, 2010.
- 2The shares were transferred to participants in employee share schemes.
- 3The re-issuance prices ranged from €11.8573 to €15.0674 per share.
- 4CRH plc's treasury share balance has decreased following the transaction.
- 5The company now holds 9,362,844 ordinary shares in treasury.
- 6The number of outstanding ordinary shares (excluding treasury) is 709,146,069.
Frequently Asked Questions
The shares were re-issued to participants in CRH's employee share schemes, likely as part of their compensation or incentive programs.
This transaction reduces the number of shares held in treasury, but the total number of shares in issue (excluding treasury shares) remains the same or changes slightly based on whether the shares were newly issued or from existing treasury stock. In this case, it reduced treasury stock. The number of outstanding shares, excluding treasury shares, is 709,146,069.
Treasury shares are shares that a company has repurchased from the open market or previously issued shares that are held by the company. They do not carry voting rights and typically do not receive dividends. Companies often hold treasury shares for employee stock options, acquisitions, or to manage share count.
This specific transaction is a routine event related to employee share schemes and does not inherently indicate financial distress or significant growth. It reflects the company's ongoing practice of rewarding employees through equity.