8-K

CRH PUBLIC LTD CO 8-K Report (May 20, 2011)

Filed May 20, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K report on May 19, 2011, to disclose a transaction involving its own shares. Specifically, on May 18, 2011, the company re-issued 11,090 ordinary shares from its treasury stock to a participant in an employee share scheme. These shares were transferred at a price of €11.9565 per share. This transaction resulted in a slight decrease in the number of shares held in treasury, which stood at 9,039,364 following the re-issuance. The total number of ordinary shares outstanding, excluding treasury shares, was reported as 716,419,688. This filing is primarily informational for investors, detailing the utilization of treasury shares for employee compensation and its impact on the company's share structure.

Key Highlights

  • 1CRH plc re-issued 11,090 Ordinary Shares from treasury stock.
  • 2The transaction occurred on May 18, 2011.
  • 3The shares were transferred to a participant in an employee share scheme.
  • 4The re-issuance price was €11.9565 per Ordinary Share.
  • 5Following the transaction, CRH plc holds 9,039,364 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares in issue (excluding Treasury Shares) is 716,419,688.

Frequently Asked Questions

The primary purpose of this transaction was to transfer treasury shares to a participant in CRH's employee share scheme, likely as part of their compensation or incentive program.

This transaction involves the re-issuance of shares already held in treasury. Therefore, it does not increase the total number of shares outstanding. It reduces the number of shares held in treasury and increases the number of shares in circulation available to shareholders. The total number of shares in issue (excluding treasury shares) remains 716,419,688.

Treasury shares are shares that a company has repurchased from the open market but has not yet retired or cancelled. Companies can hold these shares to reissue them for employee stock options, employee stock purchase plans, acquisitions, or to influence earnings per share. In this case, CRH used treasury shares to fulfill an obligation under its employee share scheme.

No, this is not a new issuance of CRH shares. The shares were previously issued, then repurchased by CRH and held in treasury. This filing reports the movement of those existing shares from treasury back into circulation.