8-K

CRH PUBLIC LTD CO 8-K Report (Apr 28, 2011)

Filed April 28, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on April 28, 2011, to disclose a transaction involving its own shares. On April 27, 2011, the company re-issued 24,954 ordinary shares from its treasury to a participant in an employee share scheme. These shares were transferred at varying prices, ranging from €11.9565 to €15.0854 per share. This transaction is primarily relevant to investors as it impacts the number of outstanding shares and potentially the company's earnings per share calculations. Following this re-issuance, CRH's treasury stock holdings decreased, and the number of ordinary shares in issue (excluding treasury shares) stands at 709,445,705. Investors should note that such transactions are common for companies with employee stock option plans and are typically used to fulfill obligations under those plans.

Key Highlights

  • 1CRH plc re-issued 24,954 Ordinary Shares from its treasury on April 27, 2011.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The re-issuance occurred at two price points: €11.9565 and €15.0854 per Ordinary Share.
  • 4Following the transaction, CRH plc holds 9,063,208 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, is now 709,445,705.
  • 6This filing is a Form 6-K, indicating a report of a foreign private issuer.

Frequently Asked Questions

The main purpose of this 8-K filing was to report CRH plc's re-issuance of treasury shares to an employee share scheme participant. This disclosure is required to keep investors informed about changes in the company's share structure.

This transaction reduces the number of treasury shares by 24,954. The total number of ordinary shares in issue (excluding treasury shares) remains at 709,445,705, but the specific pool of shares available for other purposes has changed.

These shares are not new issuances. They are re-issued from CRH's treasury stock, meaning they were previously issued and then repurchased by the company and held in treasury.

The different prices likely reflect the specific terms or vesting schedules of the employee share scheme, or the prices at which the shares were originally acquired into treasury and are being accounted for upon re-issuance. It indicates a variable compensation element for the employee.