Summary
This 8-K filing from CRH Public Limited Company (CRH) on May 31, 2011, primarily reports on a transaction involving the company's own shares. Specifically, CRH re-issued treasury shares to a participant in an employee share scheme. This action is a routine corporate event and does not indicate a significant change in the company's financial performance or strategic direction. Investors should view this as a standard update on share management and employee compensation mechanisms.
Key Highlights
- 1CRH announced the re-issue of treasury shares on May 27, 2011.
- 25,545 Ordinary Shares were transferred to a participant in an employee share scheme.
- 3The price per Ordinary Share for this transaction was €11.9565.
- 4Following this transaction, CRH now holds 9,033,289 Ordinary Shares in Treasury.
- 5The total number of Ordinary Shares in issue, excluding treasury shares, stands at 716,425,763.
Frequently Asked Questions
The primary purpose of this filing was to report a transaction where CRH re-issued treasury shares to a participant in an employee share scheme.
No, this transaction involves the re-issue of existing treasury shares to an employee. It is a standard part of employee compensation and share incentive plans and does not directly impact CRH's reported financial results as revenue or expense.
Treasury shares are shares that a company has repurchased from the open market but has not yet retired. Companies often hold treasury shares to use for employee stock options, acquisitions, or to re-issue to the market. The number of shares in issue for calculating metrics like earnings per share typically excludes treasury shares.
This transaction reduces the number of treasury shares by 5,545 and re-issues them, so the total number of shares in issue (excluding treasury shares) remains the same. The number of treasury shares held by CRH decreases slightly.