8-K

CRH PUBLIC LTD CO 8-K Report (Mar 4, 2011)

Filed March 4, 2011For Securities:CRH

Summary

CRH plc (CRH) has filed a Form 6-K to report a transaction involving its own shares. On March 3, 2011, the company re-issued 39,144 ordinary shares from its treasury stock to the Trustees of an employee share participation scheme. These shares were transferred at a price of €15.85 per share. This transaction reduces CRH's treasury share holdings. Following the re-issue, CRH now holds 9,162,388 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding treasury shares, stands at 709,346,525. This filing provides transparency regarding the company's share capital adjustments and its ongoing employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 39,144 ordinary shares from treasury stock on March 3, 2011.
  • 2The shares were transferred to the Trustees of an employee share participation scheme.
  • 3The re-issue price per ordinary share was €15.85.
  • 4CRH's treasury share balance has decreased to 9,162,388 ordinary shares.
  • 5The total number of outstanding ordinary shares (excluding treasury shares) is 709,346,525.
  • 6This is a routine disclosure regarding share capital management and employee share schemes.

Frequently Asked Questions

The primary purpose of this transaction was to transfer treasury shares to an employee share participation scheme, likely to fulfill obligations under employee stock options or other incentive plans.

This transaction re-issues shares that were previously held in treasury. It does not change the total number of issued shares but decreases the number of shares held in treasury and increases the number of shares available to shareholders.

The €15.85 price per share is the value at which CRH transferred its treasury shares to the employee share participation scheme. This price could be based on market value at the time or a pre-determined formula within the employee scheme.

Companies hold shares in treasury for various reasons, including to satisfy employee stock options and awards, to have shares available for acquisitions, or to manage their capital structure. CRH's holding is being reduced through this employee participation scheme.