Summary
CRH Public Limited Company (CRH) filed a Form 6-K on July 10, 2007, to report a significant holding update. The primary disclosure is that Bank of Ireland Asset Management Limited, as of July 9, 2007, holds an interest in 27,263,386 ordinary shares of CRH, which equates to 4.99% of the company's issued ordinary share capital. This notification is significant as it brings the holding to just below the 5% threshold that typically triggers mandatory disclosure requirements in many jurisdictions. The shares are held through various nominee company names on behalf of a range of clients who are the beneficial owners.
Key Highlights
- 1Bank of Ireland Asset Management Limited reported a substantial interest in CRH ordinary shares.
- 2As of July 9, 2007, the holding represents 4.99% of CRH's issued ordinary share capital.
- 3This holding is just below the 5% threshold, a key level for investor and regulatory awareness.
- 4The shares are held across several nominee accounts, including BNY Custodial Nominees Limited, Bank of Ireland Nominees Limited, Nortrust Nominees Limited, ROY Nominees Limited, and Mellon Nominees Limited.
- 5The disclosure indicates these shares are held on behalf of a range of clients who are the beneficial owners.
- 6The filing was made as a Form 6-K, which is typically used by foreign private issuers to report information that is material to investors.
- 7CRH's Finance Director, M. Lee, signed the report, confirming the company's acknowledgment of the notification.
Frequently Asked Questions
The primary purpose of this filing (specifically a Form 6-K, which is used by foreign issuers) is to report a notification received by CRH from Bank of Ireland Asset Management Limited regarding their significant holding in CRH's ordinary shares. This brings the holding to 4.99% of the company's issued ordinary share capital.
A holding of 4.99% is just below the 5% threshold. In many financial markets, crossing the 5% ownership mark triggers mandatory reporting requirements, potentially signaling increased institutional interest or a move towards activist investing. This disclosure informs investors about a large block of shares held by a single asset management firm.
The filing states that the shares are registered in nominee company names on behalf of a 'range of clients who are the beneficial owners.' While the specific clients are not named in this report, it indicates that Bank of Ireland Asset Management is managing these shares for its diverse client base.
The shares are held through several nominee accounts, including BNY Custodial Nominees Limited (125,564 shares), Bank of Ireland Nominees Limited (26,026,919 shares), Nortrust Nominees Limited (874,572 shares), ROY Nominees Limited (203,196 shares), and Mellon Nominees Limited (33,135 shares).