8-K

CRH PUBLIC LTD CO 8-K Report (Nov 3, 2011)

Filed November 3, 2011For Securities:CRH

Summary

CRH plc, a foreign private issuer, filed a Form 6-K on November 3, 2011, reporting a transaction involving its own shares. Specifically, the company announced the re-issue of 2,218 ordinary shares from its treasury to a participant in an employee share scheme on November 2, 2011. These shares were transferred at a price of €11.8573 each. This transaction resulted in CRH plc holding 8,986,601 ordinary shares in treasury, with the total number of outstanding ordinary shares (excluding treasury shares) standing at 718,911,305. This disclosure is typical for companies managing their equity and employee benefit programs.

Key Highlights

  • 1CRH plc re-issued 2,218 ordinary shares from treasury on November 2, 2011.
  • 2The shares were transferred to a participant in an employee share scheme.
  • 3The transaction price per ordinary share was €11.8573.
  • 4Following the transaction, CRH plc holds 8,986,601 ordinary shares in treasury.
  • 5The total number of outstanding ordinary shares (excluding treasury shares) is 718,911,305.
  • 6The filing is a Form 6-K, typical for foreign private issuers.

Frequently Asked Questions

This filing (Form 6-K) is primarily to inform the SEC and investors about a specific transaction involving CRH plc's own shares: the re-issue of treasury shares for an employee share scheme.

The re-issue of treasury shares reduces the number of shares held in treasury but does not change the total number of issued shares. It effectively moves shares from being held by the company back into circulation among shareholders. The total number of outstanding shares, excluding treasury shares, remains at 718,911,305.

Treasury shares are shares that a company has repurchased from the open market or were previously issued and reacquired. They are not considered outstanding for voting or dividend purposes until they are re-issued. Companies often hold treasury shares for employee stock options, employee stock purchase plans, or potential future acquisitions.

This is not a stock buyback, which would involve the company repurchasing shares. Instead, it is a re-issuance of shares that the company already held in its treasury. Therefore, it's a re-deployment of existing equity, not a reduction or increase in the total number of shares authorized or issued by the company.