8-K

CRH PUBLIC LTD CO 8-K Report (Jul 14, 2011)

Filed July 14, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on July 14, 2011, to report a transaction involving its own shares. The company re-issued treasury shares to participants of its employee share schemes on July 13, 2011. A total of 5,019 ordinary shares were transferred at various prices denominated in both Euros and Pounds Sterling, reflecting different grant values within the schemes. This transaction resulted in a minor adjustment to CRH's outstanding share count. Following the re-issuance, the company now holds 9,018,701 ordinary shares in treasury, with the number of shares in issue (excluding treasury shares) standing at 716,440,351. Investors should note that this is a routine share-based compensation activity rather than a significant strategic or financial event.

Key Highlights

  • 1CRH announced the re-issuance of 5,019 treasury shares to employees on July 13, 2011.
  • 2The shares were transferred to participants in CRH's employee share schemes.
  • 3Transaction prices varied, with some shares re-issued at €11.18 and €11.8573, and others at £11.36 and £14.4903.
  • 4Following the transaction, CRH holds 9,018,701 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is now 716,440,351.

Frequently Asked Questions

This filing (Form 6-K) is primarily to inform the SEC and investors about CRH's re-issuance of treasury shares to employees participating in its share schemes. It's a routine disclosure related to share-based compensation.

The transaction involved re-issuing shares from the company's treasury. This reduces the number of shares held in treasury by 5,019. The number of outstanding shares (excluding treasury) remains largely the same, with a slight reduction in the total authorized share capital held by the company.

The variation in prices (in both EUR and GBP) likely reflects different grant dates, vesting schedules, or share price conditions within the employee share schemes. For investors, it indicates the mechanics of how equity compensation is administered, rather than a change in the company's valuation.

Generally, no. Re-issuing treasury shares for employee benefit plans is a common practice for many public companies. It's typically a way to incentivize employees and align their interests with shareholders, rather than a sign of financial distress or a major corporate action.