8-K

CRH PUBLIC LTD CO 8-K Report (Oct 5, 2006)

Filed October 5, 2006For Securities:CRH

Summary

This 8-K filing by CRH Public Ltd Co. (CRH) on October 5, 2006, primarily reports on the shareholding transactions of individuals discharging managerial responsibilities within the company. The key events involve directors Jack Golden and Albert Manifold exercising share options and, in Albert Manifold's case, subsequently selling a portion of those shares. These transactions provide insight into the management's confidence and potential liquidity needs. Investors should note the prices at which options were exercised and shares were sold, as this can indicate management's perception of the stock's valuation. The filing is a standard disclosure under market abuse rules and company regulations, ensuring transparency regarding insider trading activities.

Key Highlights

  • 1Disclosure of shareholding transactions by CRH directors/PDMRs (Persons Discharging Managerial Responsibilities).
  • 2Jack Golden exercised savings-related share options and acquired 1,128 ordinary shares at EUR10.63 per share.
  • 3Albert Manifold exercised share options and acquired 30,000 ordinary shares.
  • 4Albert Manifold subsequently sold 30,000 ordinary shares at prices ranging from EUR13.15 to EUR19.68.
  • 5The transactions were notified in accordance with Market Abuse Rules.
  • 6The issuer (CRH plc) was informed of these transactions on October 4-5, 2006.
  • 7The filing confirms CRH plc files under Form 20-F for its annual reports.

Frequently Asked Questions

This filing reports on transactions related to the shareholdings of individuals discharging managerial responsibilities (directors) within CRH plc. Specifically, it details the exercise of share options and the subsequent sale of shares by these individuals.

Jack Golden acquired 1,128 shares at EUR10.63 per share. Albert Manifold exercised options to acquire 30,000 shares at various prices (EUR18.28, EUR19.68, EUR13.15) and then sold these 30,000 shares at an average price of EUR17.70 (calculated from the stated prices per tranche). These transactions reflect both an increase in holdings through option exercises and a realization of gains or liquidity through share sales.

This filing primarily concerns insider transactions and is a regulatory disclosure. While the exercise and sale of shares by management can sometimes signal their view on the company's valuation, it does not directly report on CRH's financial performance or outlook. For that information, investors should refer to the company's quarterly and annual financial statements (e.g., Form 10-Q, 20-F).

These disclosures are made by CRH plc, the issuer, as required by securities regulations. The notifications are typically handled by the Company Secretary or another designated officer, with Angela Malone acting as the contact and signatory for these specific transactions.