8-K

CRH PUBLIC LTD CO 8-K Report (Mar 14, 2006)

Filed March 14, 2006For Securities:CRH

Summary

CRH Public Limited Company (CRH) announced on March 14, 2006, that it has filed an application to list its American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE). This move signifies a significant step for the international building materials group, as it prepares to transition its listing from the Nasdaq National Market (NASDAQ) to the NYSE. The company anticipates its ADSs will commence trading on the NYSE under the ticker symbol "CRH" on March 31, 2006. This listing on a major US exchange like the NYSE is expected to enhance CRH's visibility and accessibility for a broader range of investors, particularly in North America. The company, headquartered in Ireland with a substantial global presence across 25 countries and employing over 66,400 people, operates in key segments of the building materials industry, including primary materials, value-added building products, and distribution. This transition reflects CRH's growth and its strategic positioning within the international market.

Key Highlights

  • 1CRH Public Limited Company has applied for listing of its American Depositary Shares (ADSs) on the New York Stock Exchange (NYSE).
  • 2The ADSs are expected to begin trading on the NYSE on March 31, 2006.
  • 3The ticker symbol for CRH's ADSs on the NYSE will be "CRH".
  • 4CRH will be transferring its listing from the Nasdaq National Market (NASDAQ), where its ADSs are currently quoted under the symbol "CRHCY".
  • 5CRH will continue to trade on NASDAQ until trading commences on the NYSE.
  • 6CRH is an international building materials group with operations in 25 countries and over 66,400 employees.
  • 7The company's core businesses include primary materials, value-added building products, and building materials distribution.

Frequently Asked Questions

While the filing doesn't explicitly state the reasons, moving a listing to the NYSE often aims to increase visibility, attract a wider investor base, and potentially enhance trading liquidity, especially for international companies looking to strengthen their presence in the US market.

American Depositary Shares (ADSs) are certificates issued by a US depositary bank representing a specific number of shares of a foreign company's stock. They allow US investors to buy shares in foreign companies more easily and in US dollars, and they trade on US stock exchanges.

CRH's ADSs are expected to begin trading on the NYSE on March 31, 2006. They will continue to trade on NASDAQ until trading commences on the NYSE.

CRH is an international building materials group headquartered in Ireland. Its operations span 25 countries and focus on primary materials, value-added building products, and building materials distribution. The company employs over 66,400 people globally.