8-K

CRH PUBLIC LTD CO 8-K Report (Dec 16, 2011)

Filed December 16, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on December 15, 2011, disclosing a transaction involving its own shares. The company announced that on December 14, 2011, it re-issued 9,004 ordinary shares from its treasury to participants in its employee share schemes. These shares were transferred at prices of €11.8573 and £11.36 per share, reflecting the market value at the time of the transaction. This re-issuance has a minor impact on the total number of shares outstanding, as these shares were previously held in treasury. Following this transaction, CRH plc now holds 8,922,075 ordinary shares in treasury, with the total number of ordinary shares in issue, excluding treasury shares, standing at 718,975,831. Investors should note that this is a routine action related to employee compensation and does not represent a significant change in the company's financial position or strategy.

Key Highlights

  • 1CRH plc re-issued 9,004 ordinary shares from treasury on December 14, 2011.
  • 2The shares were transferred to participants in employee share schemes.
  • 3The re-issue prices were €11.8573 and £11.36 per ordinary share.
  • 4Following the transaction, CRH plc holds 8,922,075 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 718,975,831.
  • 6The filing is a Form 6-K, reporting on foreign private issuer matters.
  • 7This transaction is related to the company's employee compensation and share incentive programs.

Frequently Asked Questions

The main purpose of this filing was to report the re-issuance of treasury shares to employees participating in CRH's share schemes. This is a standard disclosure requirement for transactions involving the company's own stock.

This transaction involves shares that were already held by the company in treasury. Therefore, it does not increase the overall number of shares outstanding, but rather reallocates shares from treasury stock to employee participants. The number of shares in issue, excluding treasury shares, remains the key figure for outstanding shares.

These are not new shares being issued by the company. The 9,004 ordinary shares were re-issued from CRH plc's existing treasury stock, which are shares the company has previously repurchased or acquired.

These prices represent the value at which the treasury shares were transferred to employees on December 14, 2011. They are likely based on the market price of CRH shares around the date of the transaction, reflecting the value of the employee benefit being provided.