8-K

CRH PUBLIC LTD CO 8-K Report (Oct 20, 2011)

Filed October 20, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on October 20, 2011, reporting a transaction involving its own shares. On October 19, 2011, the company re-issued 205 ordinary shares from its treasury stock to a participant in an employee share scheme. The price per share for this transaction was £11.36. This filing provides an update on CRH's treasury share holdings. Following this re-issuance, the total number of ordinary shares held in treasury by CRH is now 8,997,303. The total number of ordinary shares currently in issue, excluding those held in treasury, stands at 716,461,749. This information is relevant for understanding the company's share capital structure and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 205 ordinary shares from treasury on October 19, 2011.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The transaction price was £11.36 per ordinary share.
  • 4CRH plc's treasury share holdings were updated following this transaction.
  • 5Post-transaction, CRH holds 8,997,303 ordinary shares in treasury.
  • 6The total number of ordinary shares in issue (excluding treasury shares) is 716,461,749.

Frequently Asked Questions

This is a Form 6-K filing, which is a report of foreign private issuers required by the SEC. Its primary purpose in this instance is to report a transaction involving the company's own shares, specifically the re-issuance of treasury shares.

CRH re-issued treasury shares to a participant in an employee share scheme. Companies often hold treasury shares to fulfill obligations under employee stock option plans, stock purchase plans, or other equity-based compensation programs.

This transaction increases the number of shares outstanding by 205, as shares held in treasury are now considered issued. The total number of shares in issue (excluding treasury shares) increased from 716,461,544 (716,461,749 - 205) to 716,461,749. The number of shares held in treasury decreased by 205.

The price of £11.36 per share is the value at which the treasury shares were transferred to the employee. This price is often determined by the terms of the employee share scheme, which could be based on fair market value, a discount, or a specific grant price.