8-K

CRH PUBLIC LTD CO 8-K Report (Jun 2, 2011)

Filed June 2, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 2, 2011, to report a transaction involving its own shares. Specifically, on June 1, 2011, the company transferred 3,327 ordinary shares from treasury to a participant in an employee share scheme at a price of €11.9565 per share. This transaction is routine and relates to the company's equity-based compensation plans. Following this transfer, CRH's treasury share balance decreased, and the number of outstanding shares (excluding treasury shares) was updated. For investors, this filing confirms the ongoing management of employee share schemes and provides updated share count information. It does not indicate any material strategic or financial changes, but rather a standard operational event for a publicly traded company with share-based incentives.

Key Highlights

  • 1CRH plc reported a transaction involving the re-issuance of treasury shares on June 1, 2011.
  • 23,327 Ordinary Shares were transferred from treasury.
  • 3The transfer was made to a participant in an employee share scheme.
  • 4The price per Ordinary Share for this transaction was €11.9565.
  • 5Following the transaction, CRH holds 9,029,962 Ordinary Shares in Treasury.
  • 6The total number of Ordinary Shares in issue (excluding Treasury Shares) is 716,429,090.

Frequently Asked Questions

This filing (specifically a Form 6-K, which is a report of foreign private issuers) is to inform the SEC and investors about a transaction where CRH plc re-issued treasury shares to an employee participating in a share scheme.

The transaction reduced the number of shares held in treasury by 3,327. The total number of shares in issue, excluding treasury shares, is now reported as 716,429,090. This is a relatively small number of shares and does not significantly alter the overall share count or dilute existing shareholders substantially.

The price of €11.9565 per share is the value at which the treasury shares were transferred to the employee. This price is typically determined by the terms of the employee share scheme, often linked to the market price or a pre-determined valuation at the time of grant or vesting.

No, this filing indicates the opposite of a share buyback. It shows the company is issuing shares from its treasury, which is typically done to fulfill obligations under employee stock option plans or share purchase schemes. It's a routine administrative event, not a signal of financial distress or a change in capital allocation strategy.