Summary
CRH Public Limited Company (CRH) has filed a Form 6-K report detailing a transaction involving its own shares. On February 23, 2011, the company transferred 2,512 ordinary shares to participants in its employee share schemes. These shares were transferred at prices of €15.0674 and £11.163 per share. This transaction has a minor impact on the total number of outstanding shares. Post-transaction, CRH holds 9,354,469 ordinary shares in treasury, and the total number of ordinary shares in issue, excluding treasury shares, stands at 709,154,444. Investors should note that this is a standard corporate action related to employee compensation and does not represent a significant change in the company's financial position or operational strategy.
Key Highlights
- 1CRH plc conducted a transaction involving its own shares on February 23, 2011.
- 2A total of 2,512 ordinary shares were transferred to participants in employee share schemes.
- 3The shares were transferred at specific prices: €15.0674 and £11.163 per ordinary share.
- 4Following the transaction, CRH plc holds 9,354,469 ordinary shares in treasury.
- 5The number of ordinary shares currently in issue, excluding treasury shares, is 709,154,444.
Frequently Asked Questions
The 8-K filing, specifically a Form 6-K, reported that CRH plc transferred 2,512 of its own ordinary shares to participants in its employee share schemes on February 23, 2011.
The shares were transferred at two different prices, reflecting different currencies: €15.0674 per Ordinary Share and £11.163 per Ordinary Share.
This is a re-issuance of treasury shares, meaning shares already held by the company were transferred. The number of shares in issue (excluding treasury shares) is now 709,154,444, and CRH continues to hold 9,354,469 ordinary shares in treasury.
No, this transaction is a routine event related to employee share schemes and compensation. It does not indicate any financial distress or significant strategic shift for CRH.