8-K

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

Filed September 2, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 2, 2011, reporting a transaction involving its own shares. The company re-issued 9,981 ordinary shares from its treasury to a participant in an employee share scheme. This transaction occurred on September 1, 2011, at a price of €11.8573 per share. This event is significant as it reflects the company's ongoing engagement with its employee incentive programs. While the number of shares re-issued is relatively small, it impacts the total number of outstanding shares and CRH's treasury share balance. Investors should note the specific price at which these shares were re-issued, as it can provide context for share valuation and employee compensation strategies.

Key Highlights

  • 1CRH plc re-issued 9,981 ordinary shares from its treasury on September 1, 2011.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The re-issue price was €11.8573 per ordinary share.
  • 4Following this transaction, CRH plc holds 9,002,713 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 716,456,339.

Frequently Asked Questions

This filing is to report a transaction where CRH plc re-issued shares from its treasury, specifically to an employee participating in a share scheme. This is a standard disclosure requirement for such corporate actions.

Companies typically re-issue treasury shares to fulfill obligations related to employee stock options, restricted stock units, or other employee benefit plans. It allows them to grant shares to employees without issuing new stock, which could dilute existing shareholders.

The re-issue of 9,981 treasury shares reduces the number of shares held in treasury and increases the number of outstanding shares by the same amount. The net effect on the total number of shares in issue (excluding treasury) is an increase of 9,981.

The price reflects the value at which the shares were transferred for employee compensation purposes. It can be compared to the prevailing market price around that date to understand if it was at a discount or at market value, providing insight into the company's stock-based compensation strategy.