8-K

CRH PUBLIC LTD CO 8-K Report (Aug 11, 2011)

Filed August 11, 2011For Securities:CRH

Summary

This 8-K filing by CRH Public Limited Company (CRH) reports on a transaction involving the re-issuance of treasury shares. On August 10, 2011, CRH transferred 140 ordinary shares to participants in an employee share scheme at prices ranging from £11.36 to £14.1386 per share. This action is part of the company's ongoing management of its equity and employee incentive programs. Following this transaction, CRH's treasury shareholding has been adjusted. The company now holds 9,012,694 ordinary shares in treasury, with the total number of issued ordinary shares (excluding treasury shares) standing at 716,446,358. Investors should note that such re-issuances are common for companies with employee stock options and share plans, and this specific transaction represents a very small fraction of the total shares outstanding.

Key Highlights

  • 1CRH plc re-issued 140 ordinary shares from its treasury on August 10, 2011.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The re-issuance prices ranged from £11.36 to £14.1386 per ordinary share.
  • 4Following the transaction, CRH holds 9,012,694 ordinary shares in treasury.
  • 5The total number of issued ordinary shares, excluding treasury shares, is 716,446,358.

Frequently Asked Questions

This filing is an 8-K (reported as a 6-K for foreign private issuers) that details a minor transaction: the re-issuance of treasury shares for an employee share scheme. For most investors, this is routine and signifies the company fulfilling its obligations under employee compensation plans. It has a negligible impact on the overall share count or market capitalization.

Treasury shares are shares that a company has repurchased from the open market or that were not initially issued. Companies hold treasury shares for various reasons, including fulfilling employee stock options or share purchase plans, potential future acquisitions, or to adjust the number of shares outstanding for financial metrics. This filing indicates CRH uses them for its employee share schemes.

The transaction involves re-issuing shares from treasury, not issuing new shares. Therefore, the total number of issued shares outstanding (excluding treasury shares) remains 716,446,358. The number of shares held in treasury slightly decreases by 140, but this is an insignificant change relative to the total.

The prices (£11.36 and £14.1386) reflect the market value of CRH's shares around the time of the transaction. These prices are typically determined by the terms of the employee share scheme, often based on the prevailing market price or a pre-agreed formula. They are not indicative of a major corporate event but rather the execution of existing compensation structures.