Summary
CRH plc has filed a Form 6-K reporting on a transaction involving its own shares. On July 11, 2012, the company transferred 6,492 Ordinary Shares to participants in its employee share schemes. These shares were transferred at prices of €11.18 and £11.36 per share, reflecting their market value at the time. This transaction is typical for companies with employee stock option or award plans, demonstrating the company's commitment to its employees and aligning their interests with shareholders.
Key Highlights
- 1CRH plc re-issued treasury shares on July 11, 2012.
- 26,492 Ordinary Shares were transferred to employee share schemes.
- 3Transfer prices were €11.18 and £11.36 per Ordinary Share.
- 4This action reduces the number of shares held in treasury.
- 5Following the transaction, CRH plc holds 8,385,573 Ordinary Shares in Treasury.
- 6The total number of Ordinary Shares in issue, excluding treasury shares, is 722,165,701.
Frequently Asked Questions
This filing, specifically a Form 6-K, reports CRH plc's re-issuance of treasury shares to participants in its employee share schemes. It provides an update on the company's share capital structure.
The re-issuance of treasury shares is a common practice for companies to fulfill obligations under employee share incentive plans, such as stock options or awards. This aligns employee interests with those of the company's shareholders.
This transaction reduces the number of shares held in treasury but does not change the total number of ordinary shares outstanding (which includes those held in treasury). The number of shares in issue *excluding* treasury shares has increased by the 6,492 shares transferred.
Treasury shares are shares that a company has repurchased from the open market or that were previously issued and subsequently reacquired. Companies can hold these shares for various purposes, including fulfilling employee stock plans, stock dividends, or potential future acquisitions, without affecting the number of shares publicly traded.