8-K

CRH PUBLIC LTD CO 8-K Report (May 9, 2006)

Filed May 9, 2006For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company reports on transactions involving directors and persons discharging managerial responsibilities, specifically their acquisition of ordinary shares via a Scrip Dividend. The filings detail multiple transactions occurring on May 8, 2006, where key executives, including Declan W. Doyle, Jan Maarten de Jong, Thomas W. Hill, David M. Kennedy, Kieran McGowan, Patrick J. Molloy, William I. O'Mahony, Angela Malone, Jack Golden, and Albert Manifold, received additional shares. These transactions were conducted at a price of EUR 28.48 per share. The nature of these transactions indicates a consistent dividend reinvestment program by CRH's leadership. The filings provide the number of shares acquired and the total holding of each individual post-transaction. This type of filing is crucial for investors as it offers transparency into insider share ownership and how management is participating in the company's value. It suggests confidence from these individuals in the company's performance and prospects, as they are choosing to reinvest their dividends into company stock.

Key Highlights

  • 1Multiple CRH directors and senior management participated in a Scrip Dividend transaction on May 8, 2006.
  • 2The acquisition price for ordinary shares under the Scrip Dividend was EUR 28.48 per share.
  • 3The filing details individual share acquisitions and total holdings for several key personnel, including Declan W. Doyle, Jan Maarten de Jong, Thomas W. Hill, David M. Kennedy, Kieran McGowan, Patrick J. Molloy, William I. O'Mahony, Angela Malone, Jack Golden, and Albert Manifold.
  • 4These transactions represent an reinvestment of dividends into CRH ordinary shares by company insiders.
  • 5The filings confirm that these transactions were made in accordance with Market Abuse Rules and relevant Irish Companies Act sections.
  • 6The reporting is done by Angela Malone, Company Secretary of CRH plc, with M. Lee, Finance Director, signing the filing.
  • 7No disposal of shares by these individuals was reported in this specific filing.

Frequently Asked Questions

A Scrip Dividend is a way for a company to pay dividends to its shareholders by issuing additional shares of stock instead of cash. Shareholders can elect to receive new shares, often at a discount or with favorable terms, in lieu of a cash payment, which allows them to increase their stake in the company without additional cash outlay.

This filing provides insight into insider transactions at CRH. When directors and senior management participate in dividend reinvestment plans or acquire shares, it can signal their confidence in the company's future performance and value. It also offers transparency regarding executive compensation and equity participation.

No, this specific 8-K filing details the acquisition of shares through a Scrip Dividend. There is no indication of any disposal or selling of shares by the named directors or persons discharging managerial responsibilities in these reported transactions.

The EUR 28.48 price per share indicates the value at which the scrip dividend shares were issued. This price is crucial as it reflects the market value or a predetermined conversion rate used for reinvesting the dividend, allowing investors to understand the effective cost of these acquired shares.