8-K

CRH PUBLIC LTD CO 8-K Report (Apr 14, 2011)

Filed April 14, 2011For Securities:CRH

Summary

CRH plc has reported a transaction involving its own shares on April 13, 2011. The company re-issued 1,109 ordinary shares from its treasury stock to a participant in an employee share scheme. The shares were transferred at a price of £10.0629 per share. This action is part of CRH's ongoing management of its share capital, specifically relating to employee remuneration and incentive programs. Investors should note that such transactions, while common for large companies with share-based compensation plans, can have minor impacts on earnings per share calculations due to changes in the total number of outstanding shares. Following this re-issue, CRH plc's total treasury shares have decreased to 9,090,413. The number of ordinary shares outstanding, excluding treasury shares, is now 709,418,500. This filing, made on Form 6-K, is a report of foreign private issuers and serves to inform the market of this specific share transaction, ensuring transparency for shareholders and potential investors regarding the company's capital structure adjustments.

Key Highlights

  • 1CRH plc re-issued 1,109 ordinary shares from treasury stock on April 13, 2011.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The re-issue price was £10.0629 per ordinary share.
  • 4Following the transaction, CRH holds 9,090,413 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is now 709,418,500.
  • 6This transaction is reported on a Form 6-K, indicating it's a report from a foreign private issuer.
  • 7The filing was made on April 14, 2011.

Frequently Asked Questions

The shares were re-issued from CRH's treasury stock to a participant in an employee share scheme. This is a common practice for companies to fulfill obligations related to employee compensation and long-term incentive plans.

This specific transaction decreases the number of treasury shares by 1,109 but increases the number of shares held by external parties by the same amount. The total number of ordinary shares in issue (excluding treasury shares) remains 709,418,500 after accounting for the re-issue, as the shares moved from treasury to circulation.

A Form 6-K is an annual report of foreign private issuers filed with the U.S. Securities and Exchange Commission (SEC). It is used to furnish information that the company makes or is required to make public in its home country, files or makes public with a stock exchange, or distributes or makes public to its security holders.

Treasury stock refers to shares that a company has repurchased from the open market or that were not issued in an initial offering. These shares are held by the company itself and are not considered outstanding shares available for trading. Companies often hold treasury stock to meet obligations from employee stock options or share purchase plans, or for potential future acquisitions.