Summary
CRH Public Limited Company (CRH) has filed a Form 6-K report to disclose a transaction involving its own shares. On October 12, 2011, the company re-issued 165 ordinary shares from its treasury stock to a participant in an employee share scheme at a price of €11.18 per share. This transaction is part of CRH's ongoing management of its share capital and its commitment to employee incentives.
Key Highlights
- 1CRH plc re-issued 165 ordinary shares from treasury on October 12, 2011.
- 2The re-issue price was €11.18 per ordinary share.
- 3The shares were transferred to a participant in an employee share scheme.
- 4Following the transaction, CRH holds 8,997,508 ordinary shares in treasury.
- 5The total number of ordinary shares outstanding (excluding treasury shares) is 716,461,544.
Frequently Asked Questions
The transaction involved the re-issuance of treasury shares to satisfy obligations under an employee share scheme, which is a common practice for companies to incentivize and reward their employees.
This specific transaction involved re-issuing shares from treasury, so it does not change the total number of shares outstanding (which excludes treasury shares). The number of ordinary shares in issue (excluding Treasury Shares) remains 716,461,544. The treasury share balance decreased by 165.
Treasury shares are shares that a company has repurchased from the open market. They can be re-issued for various purposes, such as employee stock options, acquisitions, or to manage share capital. Holding shares in treasury allows the company flexibility without issuing new shares.