8-K

CRH PUBLIC LTD CO 8-K Report (Jan 19, 2012)

Filed January 19, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K reporting a transaction involving its own shares. On January 18, 2012, the company re-issued 2,218 ordinary shares from its treasury at a price of €11.9565 per share. These shares were transferred to a participant in an employee share scheme. This transaction resulted in a minor adjustment to CRH's treasury stock and outstanding share count. Following the re-issuance, CRH holds 8,907,835 ordinary shares in treasury, with the total number of ordinary shares in issue (excluding treasury shares) now standing at 718,990,071. This filing is primarily an administrative update concerning the company's share capital management and employee benefit programs.

Key Highlights

  • 1CRH plc re-issued 2,218 ordinary shares from treasury on January 18, 2012.
  • 2The re-issuance price was €11.9565 per ordinary share.
  • 3The shares were transferred to a participant in an employee share scheme.
  • 4Following the transaction, CRH's treasury stock reduced to 8,907,835 ordinary shares.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is now 718,990,071.
  • 6The filing is a Form 6-K, reporting a transaction in own shares.

Frequently Asked Questions

The shares were re-issued from treasury to a participant in an employee share scheme, indicating a standard practice for managing employee equity-based compensation.

This specific transaction involved re-issuing shares already held in treasury. Therefore, it did not change the total number of shares outstanding, but rather reduced the number of shares held in treasury and adjusted the number of shares considered 'in issue' by the same amount (2,218 shares).

Treasury shares are those that a company has re-purchased from the open market or, as in this case, has re-issued from previously authorized but unissued shares. They are not considered outstanding for voting or dividend purposes and are often held for employee stock options, acquisitions, or share buyback programs.

This is a routine administrative transaction related to employee share schemes. The number of shares involved is very small relative to the total shares in issue, so it is not considered a significant financial event for the company's overall financial performance or valuation.