8-K

CRH PUBLIC LTD CO 8-K Report (Jan 6, 2011)

Filed January 6, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on January 6, 2011, detailing a transaction involving its own shares. On January 5, 2011, the company re-issued 318 ordinary shares from its treasury to a participant in an employee share scheme. This transaction was executed at a price of £11.36 per share. This event is significant as it involves the utilization of treasury shares, which can impact share count and potentially earnings per share. Investors should note that while this specific re-issuance is a relatively small number of shares, it reflects the company's ongoing engagement with employee incentive programs. The filing also provides an updated figure for shares held in treasury and the total number of outstanding shares excluding treasury stock.

Key Highlights

  • 1CRH plc re-issued 318 ordinary shares from treasury on January 5, 2011.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The re-issuance price was £11.36 per ordinary share.
  • 4Following this transaction, CRH holds 9,357,157 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 709,151,756.

Frequently Asked Questions

Companies re-issue treasury shares primarily to fulfill obligations related to employee stock options, stock purchase plans, or other employee benefit schemes. This allows them to compensate or incentivize employees without issuing new shares from authorized but unissued stock.

This specific transaction slightly reduces the number of shares held in treasury and increases the number of outstanding shares by 318. The total number of shares in issue (excluding treasury shares) increased from 709,151,438 to 709,151,756.

For the most part, this is a routine transaction related to employee compensation. The number of shares re-issued is very small relative to the total outstanding shares. Investors generally pay more attention to larger share repurchases or issuances, or other financial reporting events.

Treasury shares are a company's own shares that have been reacquired by the company, usually through open market purchases or in lieu of a dividend. These shares are no longer outstanding and do not carry voting rights or dividend entitlements until they are re-issued or retired.