8-K

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

Filed March 10, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 10, 2011, reporting a transaction involving its own shares. Specifically, the company re-issued 1,109 ordinary shares from its treasury to a participant in an employee share scheme on March 9, 2011. The shares were transferred at a price of £10.0629 per share. This transaction is a standard practice for companies to fulfill obligations under employee stock plans. For investors, this filing indicates a minor adjustment in the total number of outstanding shares. Following this re-issuance, CRH's treasury stock decreased, and the number of shares held in treasury is now 9,161,279, with 709,347,634 ordinary shares remaining in issue, excluding treasury shares. This event is unlikely to have a significant impact on the company's overall financial position or market capitalization, but it reflects the ongoing management of employee compensation and equity programs.

Key Highlights

  • 1CRH plc re-issued 1,109 ordinary shares from treasury on March 9, 2011.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The transaction price was £10.0629 per ordinary share.
  • 4Following the transaction, CRH plc holds 9,161,279 ordinary shares in treasury.
  • 5The number of ordinary shares in issue, excluding treasury shares, is 709,347,634.
  • 6The filing is a Form 6-K, reporting a transaction in own shares.

Frequently Asked Questions

This filing (Form 6-K) reports a transaction where CRH plc re-issued shares from its treasury stock to fulfill an obligation under an employee share scheme. It's a disclosure of the company's activity related to its own shares.

No, this is a relatively small transaction involving 1,109 shares. While it slightly reduces the number of shares held in treasury and increases the shares in issue by that amount, it is unlikely to have a material impact on the total number of outstanding shares or the company's overall financial metrics.

Treasury shares are shares that a company has repurchased from the open market or that were previously issued and subsequently reacquired. CRH holds these shares and can re-issue them, as it did here, for various purposes, including employee stock option plans, acquisitions, or stock dividends, without issuing new shares.

The price of £10.0629 per share represents the value at which these treasury shares were transferred to the employee. This price is likely determined by the terms of the employee share scheme, which could be based on the market price at a specific date, a fixed price, or a formula.