8-K

CRH PUBLIC LTD CO 8-K Report (Sep 23, 2011)

Filed September 23, 2011For Securities:CRH

Summary

This 8-K filing by CRH Public Limited Company (CRH) on September 22, 2011, primarily reports on a transaction involving the company's own shares. Specifically, CRH announced the re-issuance of treasury shares to participants in an employee share scheme. This action is a common practice for companies to incentivize and reward their employees through stock ownership. Investors should note that CRH transferred 5,040 ordinary shares at a price of €11.18 per share. Following this transaction, the company's treasury share balance stands at 8,997,673 shares, with 716,461,379 ordinary shares remaining in issue. This information is important for understanding the company's share structure and its approach to employee compensation and retention.

Key Highlights

  • 1CRH plc re-issued treasury shares on September 21, 2011.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3A total of 5,040 ordinary shares were re-issued.
  • 4The re-issuance price was €11.18 per ordinary share.
  • 5Following the transaction, CRH holds 8,997,673 ordinary shares in treasury.
  • 6The number of outstanding ordinary shares (excluding treasury shares) is 716,461,379.

Frequently Asked Questions

This filing (Form 6-K) reports on a transaction where CRH plc re-issued shares held in treasury to employees participating in an employee share scheme. It also updates the company's total treasury shares and shares in issue.

Companies typically re-issue treasury shares as part of employee stock options, stock purchase plans, or employee share schemes. This serves as a way to attract, retain, and motivate employees by giving them an ownership stake in the company.

The transaction involved a relatively small number of shares (5,040) compared to the total shares in issue (over 716 million). Therefore, this specific re-issuance is unlikely to have a material impact on the overall share count or earnings per share.

The treasury share balance represents shares that the company has previously repurchased. These shares are not considered outstanding and do not have voting rights or receive dividends. The balance of 8,997,673 shares indicates the number of shares CRH holds that could potentially be re-issued or retired in the future.