8-K

CRH PUBLIC LTD CO 8-K Report (Feb 10, 2011)

Filed February 10, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on February 10, 2011, to report a transaction involving its own shares. The company announced on February 9, 2011, that it transferred 176 Ordinary Shares from its treasury to a participant in an employee share scheme at a price of £11.36 per share. This transaction is a standard corporate action related to employee compensation and does not represent a significant change in the company's overall financial position or strategic direction. Investors should note that this re-issuance of treasury shares is a common practice for companies with employee stock plans. The filing also provides updated figures for CRH's share structure. Following this transfer, CRH holds 9,356,981 Ordinary Shares in treasury. The total number of issued Ordinary Shares, excluding these treasury shares, stands at 709,151,932. This information is primarily for informational purposes related to share count and does not indicate any material event impacting the company's value or operations.

Key Highlights

  • 1CRH plc re-issued 176 Ordinary Shares from treasury on February 9, 2011.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The transaction price was £11.36 per Ordinary Share.
  • 4Following the transaction, CRH holds 9,356,981 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares currently in issue (excluding treasury shares) is 709,151,932.

Frequently Asked Questions

The transaction involved the re-issuance of treasury shares to a participant in an employee share scheme, which is a common way for companies to manage equity-based compensation for their employees.

No, this transaction is an internal transfer of shares already held by the company in treasury for its employee share schemes. It does not reflect open market purchases or sales by CRH.

The re-issuance of treasury shares reduces the number of shares held in treasury and slightly increases the number of outstanding shares (excluding treasury shares). This is a routine accounting and share structure adjustment and does not typically have a material impact on the company's overall financial position or valuation.

Shares held in treasury are shares that the company has repurchased but not yet retired or reissued. They are not considered outstanding for voting or dividend purposes and are often kept for employee stock options, employee stock purchase plans, or future acquisitions.