8-K

CRH PUBLIC LTD CO 8-K Report (May 3, 2012)

Filed May 3, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on May 3, 2012, reporting a transaction involving its own shares. The company announced the re-issue of 3,707 ordinary shares held in treasury to participants in employee share schemes on May 2, 2012. These shares were transferred at prices of €11.18 and €11.9565 per share. This action is a standard practice for employee compensation and does not represent a significant change in the company's overall financial position or strategic direction. Following this re-issue, CRH's treasury stock balance has been adjusted. The company now holds 8,444,775 ordinary shares in treasury. The total number of ordinary shares outstanding, excluding those held in treasury, stands at 719,453,131. Investors should note that treasury share transactions are common for companies and primarily relate to managing share capital and employee incentive programs.

Key Highlights

  • 1CRH plc re-issued 3,707 ordinary shares from treasury to employees.
  • 2The share re-issue occurred on May 2, 2012.
  • 3The prices for the re-issued shares ranged from €11.18 to €11.9565 per ordinary share.
  • 4Following the transaction, CRH holds 8,444,775 ordinary shares in treasury.
  • 5The total number of ordinary shares in issue, excluding treasury shares, is 719,453,131.

Frequently Asked Questions

This transaction involves the re-issue of shares held in treasury for employee share schemes. It is a standard operational activity and is not expected to have a direct, significant impact on CRH's overall market share price. The prices at which shares are re-issued are typically set based on market conditions or scheme rules at the time of grant.

Companies hold shares in treasury for various reasons, including funding employee stock option plans, share purchase plans, or potential future acquisitions. Re-issuing treasury shares to employees is a common form of compensation and an incentive to align employee interests with shareholder value.

The number of outstanding shares (excluding treasury shares) remains 719,453,131. The re-issuance of treasury shares reduces the number of shares held in treasury but does not increase the total number of shares in circulation that are held by the public.

This is a re-allocation of existing shares. CRH is re-issuing shares that it previously repurchased and held in its treasury. No new shares are being created.