8-K

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

Filed April 5, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K/6-K report on April 5, 2012, disclosing a transaction involving its own shares. Specifically, on April 4, 2012, the company re-issued 2,438 ordinary shares from its treasury to participants in an employee share scheme. These shares were transferred at a price of £10.8564 each. This transaction has resulted in a slight adjustment to CRH's outstanding share count. Following the re-issuance, the company now holds 8,448,482 ordinary shares in treasury. The total number of ordinary shares in issue, excluding these treasury shares, stands at 719,449,424. This event is primarily administrative, related to employee compensation and share ownership plans, and does not represent a significant change in the company's operational or financial standing from an investor's perspective at this time.

Key Highlights

  • 1CRH plc re-issued 2,438 ordinary shares from treasury on April 4, 2012.
  • 2The shares were transferred to participants in an employee share scheme.
  • 3The price per ordinary share for this transaction was £10.8564.
  • 4Following the re-issuance, CRH holds 8,448,482 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue (excluding treasury shares) is 719,449,424.

Frequently Asked Questions

This filing's primary purpose is to report a transaction involving CRH's own shares, specifically the re-issuance of treasury shares to employees under a share scheme.

This transaction reduces the number of shares held in treasury and therefore slightly increases the number of shares considered 'in issue' to the public. The number of shares outstanding for public trading purposes remains 719,449,424, while treasury shares decrease.

No, this transaction is a standard practice for companies with employee share schemes and relates to the management of their equity. It does not typically signal a significant change in the company's financial performance or strategic direction.

The price of £10.8564 per share is the value at which the treasury shares were transferred to employees participating in the share scheme. This price might be determined by a pre-set formula within the scheme, such as the market price at a specific date or an average price.