8-K

CRH PUBLIC LTD CO 8-K Report (Nov 17, 2011)

Filed November 17, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K detailing a transaction involving its own shares. On November 16, 2011, CRH transferred 44,432 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices of €11.9565 and £14.4903 per share, reflecting market conditions at the time. This transaction resulted in a reduction of CRH's treasury stock. Following this event, the company now holds 8,942,169 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) standing at 718,955,737. This filing is primarily informational, providing transparency on the company's share capital management and its engagement with employee incentive programs.

Key Highlights

  • 1CRH plc announced a transaction involving its own shares on November 16, 2011.
  • 2The company transferred 44,432 ordinary shares from its treasury.
  • 3These shares were allocated to participants in CRH's employee share schemes.
  • 4The transfer prices were €11.9565 and £14.4903 per ordinary share.
  • 5Following the transaction, CRH holds 8,942,169 ordinary shares in treasury.
  • 6The number of ordinary shares outstanding (excluding treasury shares) is 718,955,737.

Frequently Asked Questions

The purpose of the share transfer was to fulfill obligations under CRH's employee share schemes, allowing participants to receive ordinary shares as part of their compensation or incentive programs.

This transaction reduces the number of shares held in treasury by CRH. The total number of outstanding shares (excluding treasury shares) remains the same, but the composition changes as treasury shares are re-issued.

Treasury shares are shares that a company has repurchased from the open market or that were never issued. They are held by the company and can be re-issued for various purposes, such as employee stock options, acquisitions, or stock dividends. Treasury shares do not have voting rights and do not receive dividends.

The different prices reflect the currency in which the shares were transferred and likely the prevailing market prices in the respective currency markets at the time of the transaction. This indicates CRH operates in multiple currency environments.