8-K

CRH PUBLIC LTD CO 8-K Report (Nov 2, 2007)

Filed November 2, 2007For Securities:CRH

Summary

This 8-K filing from CRH PUBLIC LTD CO, dated November 2, 2007, primarily serves as a notification of transactions by Directors and Persons Discharging Managerial Responsibility (PDMR). The core of the filing details scrip dividend transactions for several key individuals, including Thomas W. Hill, Jan Maarten de Jong, David M. Kennedy (and his spouse), Kieran McGowan, Daniel N. O'Connor (and his spouse), Joyce M.C. O'Connor, William I. O'Mahony, Angela Malone, Mairtin Clarke, Jack Golden, and Albert Manifold. These transactions involve the acquisition of ordinary shares of EUR0.32 each at a price of EUR31.01 per share. The filing indicates the number of shares acquired through the scrip dividend and the resulting total holding for each individual. Notably, the transaction is classified as both a Market Abuse Rule notification and a disclosure under specific sections of the Companies Act 1990, underscoring compliance with relevant regulations regarding insider dealings and shareholding disclosures.

Key Highlights

  • 1Notification of Scrip Dividend transactions by multiple Directors and Persons Discharging Managerial Responsibility (PDMR) at CRH plc.
  • 2Transactions occurred on November 2, 2007, and involved the acquisition of ordinary shares of EUR0.32 each.
  • 3The acquisition price per share for the scrip dividend was EUR31.01.
  • 4The filing details the number of shares acquired and the total post-transaction holdings for individuals such as Thomas W. Hill, Jan Maarten de Jong, and others.
  • 5Some notifications include shareholdings of connected persons, such as spouses, as in the cases of David M. Kennedy and Daniel N. O'Connor.
  • 6The transactions are reported in accordance with both Market Abuse Rules and sections of the Companies Act 1990, indicating compliance with regulatory requirements.
  • 7The Assistant Company Secretary, Neil Colgan, is listed as the contact for queries and the signatory for the notifications.

Frequently Asked Questions

A scrip dividend is an option for shareholders to receive new shares in a company instead of a cash dividend. This filing reports that several CRH executives chose to receive shares as a dividend, which is a common practice to increase their stake in the company or for tax efficiency. These transactions are reported to ensure transparency and compliance with regulations concerning director and PDMR shareholdings.

These mentions indicate that CRH and its executives are complying with regulations designed to prevent insider trading and ensure timely disclosure of share transactions by those with access to non-public information. The filing confirms that these scrip dividend acquisitions were properly notified under these rules, demonstrating adherence to good corporate governance and legal requirements.

This filing specifically reports on 'Scrip Dividend' transactions, which are a form of dividend distribution rather than open market purchases or sales by insiders. There is no indication of executives selling their shares or making new purchases outside of the dividend reinvestment program in this particular filing.

The EUR31.01 per share is the price at which the new shares were issued as part of the scrip dividend. This price is typically determined by a formula or a set value for dividend reinvestment, ensuring that the value of the shares received corresponds to the dividend amount due to the shareholder.