8-K

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

Filed June 20, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on June 17, 2011, reporting on transactions involving its own shares. The company announced the re-issuance of treasury shares on June 16, 2011, transferring 5,247 Ordinary Shares to participants of its employee share schemes. These shares were transferred at various prices, with a Euro price of €11.18 and Sterling prices ranging from £11.36 to £16.7806. This transaction resulted in a slight decrease in CRH's treasury share holdings and a corresponding adjustment to its total shares outstanding, excluding those held in treasury. Investors should note this activity as it impacts the company's share count and can be an indicator of employee incentive programs. The filing provides transparency on the company's share capital management and its engagement with employee benefit plans.

Key Highlights

  • 1CRH plc re-issued treasury shares on June 16, 2011.
  • 25,247 Ordinary Shares were transferred to participants in employee share schemes.
  • 3The transfer prices varied, including €11.18 per share and a range of £11.36 to £16.7806 per share.
  • 4Following the transaction, CRH holds 9,024,715 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue, excluding treasury shares, stands at 716,434,337.

Frequently Asked Questions

The treasury shares were re-issued and transferred to participants in CRH's employee share schemes. This is a common practice for companies to incentivize and reward their employees through equity-based compensation.

This transaction reduces the number of shares held in treasury and slightly increases the number of shares outstanding and available to the public. Specifically, CRH's treasury shares decreased, and the number of shares in issue (excluding treasury shares) remains 716,434,337.

CRH is a public limited company based in Ireland but operates internationally, with significant operations and employee bases in both the Eurozone and the United Kingdom. The different currency prices reflect the location of the employees participating in the share schemes and the currency in which their compensation is denominated.

Shares held in treasury are issued shares that the company has repurchased but not cancelled. They can be used for various purposes, including employee stock options, acquisitions, or to reduce dilution. The reported number of treasury shares is an important metric for understanding the company's capital structure and potential future share issuances.