8-K

CRH PUBLIC LTD CO 8-K Report (Apr 7, 2011)

Filed April 7, 2011For Securities:CRH

Summary

CRH plc filed a Form 6-K on April 7, 2011, to report a transaction involving its own shares. The company re-issued treasury shares to participants in its employee share schemes on April 6, 2011. A total of 50,920 Ordinary Shares were transferred, with prices ranging from €11.18 to €16.483 and £10.0629 per share. This transaction impacts the company's outstanding share count and treasury stock balance. Following these transfers, CRH plc now holds 9,091,522 Ordinary Shares in treasury, and the total number of ordinary shares in issue (excluding treasury shares) stands at 709,417,391. Investors should note that this re-issuance of shares from treasury typically has a dilutive effect on earnings per share if not accompanied by a corresponding increase in earnings, although it is a common practice for employee incentive programs.

Key Highlights

  • 1CRH plc re-issued treasury shares to employees on April 6, 2011.
  • 2A total of 50,920 Ordinary Shares were transferred under employee share schemes.
  • 3Share prices for the re-issued shares ranged from €11.18 to €16.483 and £10.0629.
  • 4CRH plc's treasury share balance decreased to 9,091,522 Ordinary Shares.
  • 5The number of outstanding Ordinary Shares (excluding treasury shares) is now 709,417,391.
  • 6This filing is made under Form 6-K, a report for foreign private issuers.
  • 7The transaction is a standard re-issuance of shares for employee compensation and does not represent a new issuance from authorized capital.

Frequently Asked Questions

The main purpose of this filing (Form 6-K) is to inform the SEC and investors that CRH plc re-issued treasury shares to participants in its employee share schemes.

A total of 50,920 Ordinary Shares were re-issued. The prices varied, ranging from €11.18 to €16.483 per share in Euros, and £10.0629 per share in British Pounds.

Following the re-issuance, CRH plc's treasury share balance reduced to 9,091,522 Ordinary Shares. The number of outstanding shares, excluding treasury shares, is now 709,417,391.

While the re-issuance of shares from treasury increases the number of outstanding shares, it's a common practice for employee compensation plans. The impact on earnings per share (EPS) would depend on whether the company's earnings increase proportionally. It's not a dilutive event in the same way as issuing new shares for capital raising, but it does increase the share count used in EPS calculations.