8-K

CRH PUBLIC LTD CO 8-K Report (Apr 21, 2011)

Filed April 21, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K report on April 21, 2011, to disclose a transaction involving its own shares. On April 20, 2011, the company re-issued 2,251 ordinary shares from its treasury to participants in employee share schemes. These shares were transferred at specified prices of €15.0854 and £13.13 per share, reflecting different currency denominations for the transactions. This re-issuance has a minor impact on CRH's outstanding share count. Following the transaction, CRH's treasury stock holdings decreased, with the company now holding 9,088,162 ordinary shares in treasury. The total number of ordinary shares in issue, excluding treasury shares, stands at 709,420,751. This filing provides transparency regarding the company's share capital management and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 2,251 ordinary shares from treasury on April 20, 2011.
  • 2The shares were transferred to participants in employee share schemes.
  • 3Transaction prices were €15.0854 and £13.13 per ordinary share.
  • 4Following the re-issuance, CRH holds 9,088,162 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 709,420,751.
  • 6This filing is a Form 6-K report, a common filing for foreign private issuers.
  • 7The company secretary, Neil Colgan, is listed as the contact for this report.

Frequently Asked Questions

The main purpose of this filing was to report a 'Transaction in Own Shares,' specifically the re-issuance of treasury shares to employees under share schemes.

This transaction reduced the number of shares held in treasury but did not change the total number of shares outstanding. The number of shares in issue (excluding treasury shares) remains at 709,420,751, while the treasury stock decreased to 9,088,162.

Companies typically re-issue treasury shares to employees as part of their compensation and incentive programs, such as stock options, restricted stock units, or employee stock purchase plans. This aligns employee interests with those of shareholders and can help retain talent.

A Form 6-K is a report of foreign private issuers that is required to be filed with the SEC if the issuer makes public in its home country, or distributes to its security holders, any material information that is required to be reported to any stock exchange on which its securities are listed. CRH, being an Irish company, uses this form to report material information to the SEC.