8-K

CRH PUBLIC LTD CO 8-K Report (Mar 24, 2011)

Filed March 24, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to report a transaction involving its own shares. On March 23, 2011, the company re-issued 3,049 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices ranging from approximately €11.18 to €15.07 and £10.06 to £11.36 per share. This transaction has resulted in CRH plc holding 9,157,399 ordinary shares in treasury, with the total number of ordinary shares in issue, excluding treasury shares, standing at 709,351,514. Investors should note that the re-issuance of treasury shares is a common practice for employee compensation and does not fundamentally alter the company's overall financial position, though it impacts the number of shares outstanding.

Key Highlights

  • 1CRH plc re-issued 3,049 ordinary shares from treasury on March 23, 2011.
  • 2The shares were transferred to participants in the company's employee share schemes.
  • 3Transaction prices varied, ranging from €11.18 to €15.07 and £10.06 to £11.36 per share.
  • 4Following the transaction, CRH plc holds 9,157,399 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is now 709,351,514.
  • 6This filing is made on Form 6-K, indicating it's a report from a foreign private issuer.

Frequently Asked Questions

The primary purpose of this Form 6-K filing is to report a transaction involving CRH plc's own shares, specifically the re-issuance of treasury shares to employees under share schemes.

This transaction reduces the number of shares held in treasury and increases the number of shares outstanding that are not held in treasury. The total number of ordinary shares in issue (excluding treasury shares) is now 709,351,514.

These are not newly issued shares in the sense of creating new equity. They are treasury shares, meaning shares that the company previously repurchased and held, which are now being re-issued.

The share prices (€11.18 - €15.07 and £10.06 - £11.36) represent the value at which the treasury shares were transferred to employees. These prices are likely tied to the market value of CRH shares at the time of the transaction and are relevant for accounting and employee compensation purposes.