8-K

CRH PUBLIC LTD CO 8-K Report (May 24, 2012)

Filed May 24, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K, disclosing a transaction involving its own shares. Specifically, on May 23, 2012, CRH transferred 42 Ordinary Shares at a price of £11.19 per share to a participant in an employee share scheme. This is a routine event related to its equity compensation plans. Following this transfer, CRH now holds 8,433,643 Ordinary Shares in Treasury, with 722,117,631 Ordinary Shares remaining in issue (excluding treasury shares). Investors should note that this transaction does not represent a significant change in the company's overall share count or financial position, but rather an internal allocation of shares for employee benefit programs.

Key Highlights

  • 1CRH plc announced a transaction involving the re-issue of treasury shares on May 23, 2012.
  • 242 Ordinary Shares were transferred to a participant in an employee share scheme.
  • 3The price per Ordinary Share for this transaction was £11.19.
  • 4Following the transfer, CRH holds 8,433,643 Ordinary Shares in Treasury.
  • 5The total number of Ordinary Shares in issue (excluding treasury shares) is 722,117,631.
  • 6This filing is made on a Form 6-K, typical for foreign private issuers.
  • 7The transaction is related to CRH's employee share schemes.

Frequently Asked Questions

The shares were transferred to a participant in an employee share scheme. This indicates the company is fulfilling obligations related to its equity compensation plans for employees.

No, this is a re-issue of treasury shares, meaning shares that CRH already held were transferred. The number of shares in issue (excluding treasury shares) remains the same, and the total number of shares outstanding will not change as a result of this specific transaction.

Treasury shares are shares that a company has repurchased from the open market. Companies hold treasury shares for various purposes, including fulfilling stock options and employee share plans, or for future acquisitions. The number of treasury shares indicates the extent to which the company has repurchased its own stock.

This is neither a new share issuance nor a buyback. It is a re-issue of shares that CRH already held in its treasury, specifically to an employee under an incentive plan.