8-K

CRH PUBLIC LTD CO 8-K Report (Jan 5, 2012)

Filed January 5, 2012For Securities:CRH

Summary

This 8-K filing by CRH Public Limited Company (CRH) on January 5, 2012, reports a transaction involving the re-issuance of treasury shares. Specifically, the company transferred 2,218 ordinary shares on January 4, 2012, to a participant in an employee share scheme at a price of €11.9565 per share. This transaction impacts the company's outstanding share count. Following the re-issuance, CRH's treasury stock decreased to 8,910,323 ordinary shares. The total number of ordinary shares outstanding, excluding treasury shares, is now reported at 718,987,583. Investors should note that such transactions are common for companies with employee stock option or share purchase plans and generally indicate an ongoing commitment to employee incentives.

Key Highlights

  • 1CRH plc re-issued 2,218 ordinary shares from its treasury stock.
  • 2The transaction occurred on January 4, 2012.
  • 3The re-issue price per share was €11.9565.
  • 4The recipient of the shares was a participant in an employee share scheme.
  • 5Following the transaction, CRH holds 8,910,323 ordinary shares in treasury.
  • 6The total number of ordinary shares outstanding (excluding treasury shares) is 718,987,583.

Frequently Asked Questions

The main purpose of this 8-K filing is to report a specific transaction: the re-issuance of CRH's own shares held in treasury to an employee participating in a share scheme.

This transaction reduces the number of shares held in treasury by 2,218. The total number of shares outstanding (excluding treasury shares) remains largely the same, but the number of shares held in treasury is now 8,910,323.

Companies typically re-issue treasury shares to fulfill obligations under employee stock option plans, employee stock purchase plans, or other equity-based compensation programs. This is a way to provide incentives and align employee interests with those of shareholders.

The price of €11.9565 per share represents the value at which the treasury shares were transferred to the employee. While it's a specific transaction price, investors often compare it to the prevailing market price of CRH shares around that date to understand if it was at a discount or at market value, which can sometimes be relevant for equity compensation.