8-K

CRH PUBLIC LTD CO 8-K Report (May 12, 2011)

Filed May 12, 2011For Securities:CRH

Summary

CRH plc filed a Form 6-K, reporting on a transaction involving its own shares. On May 11, 2011, the company re-issued 12,754 treasury shares to a participant in an employee share scheme. This re-issuance occurred at two different price points, indicating potential variations in the scheme's valuation or timing of allocation. This transaction has a minor impact on CRH's outstanding shares. Following the re-issue, CRH now holds 9,050,454 ordinary shares in treasury. The total number of ordinary shares in issue, excluding treasury shares, stands at 716,408,598. Investors should note that such transactions are typical for companies with employee share ownership plans and generally reflect the company's ongoing commitment to employee incentives.

Key Highlights

  • 1CRH plc announced the re-issue of 12,754 ordinary shares from its treasury stock.
  • 2The shares were transferred to a participant in an employee share scheme on May 11, 2011.
  • 3The transaction involved shares being re-issued at prices of €11.8573 and €15.0674 per share.
  • 4Following this transaction, CRH plc holds 9,050,454 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 716,408,598.

Frequently Asked Questions

Re-issuing treasury shares to employee share schemes is a common practice for companies. It allows them to fulfill obligations related to employee stock options, restricted stock units, or other incentive plans without issuing new shares, which could dilute existing shareholders. It's a way to reward and retain employees.

This transaction reduces the number of shares held in treasury by 12,754, but it does not change the total number of shares outstanding for the purpose of calculating earnings per share, as these shares were already considered issued. The number of shares in issue (excluding treasury shares) remains 716,408,598, while treasury shares decrease to 9,050,454.

The difference in prices (€11.8573 and €15.0674) likely reflects the specific terms of the employee share scheme. This could be due to different grant dates, vesting schedules, or the way the scheme is structured to account for share price fluctuations over time or different award types.