8-K

CRH PUBLIC LTD CO 8-K Report (Apr 14, 2009)

Filed April 14, 2009For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) reports a significant change in shareholding by Artio Global Management LLC. As of April 7, 2009, Artio Global Management LLC's direct and indirect holding of CRH ordinary shares, including proxy voting rights, has fallen below the 3% threshold. The previous holding was 20,616,722 shares (approximately 3.00%), and the resulting situation shows a holding of 19,266,722 shares, representing 2.81% of voting rights. This filing is important for investors as it signifies a reduction in a notable shareholder's stake in the company. While Artio Global Management LLC acts as an investment manager for independent beneficial owners, the decrease in their holding could be interpreted in various ways, potentially impacting market perception or trading activity. The company was formally notified on April 9, 2009, and this disclosure ensures transparency regarding major share ownership changes.

Key Highlights

  • 1Artio Global Management LLC has reduced its holding in CRH plc's ordinary shares.
  • 2The total voting rights held by Artio Global Management LLC have decreased from approximately 3.00% to 2.81%.
  • 3The transaction date for this change was April 7, 2009.
  • 4The notification to CRH plc occurred on April 9, 2009.
  • 5Artio Global Management LLC manages these shares as an investment manager for independent beneficial owners and exercises proxy voting rights.
  • 6The filing is made under Form 6-K, indicating a report of a foreign issuer.
  • 7The previous holding was 20,616,722 shares, and the new holding is 19,266,722 shares.

Frequently Asked Questions

Artio Global Management LLC is an investment manager that exercises proxy voting rights on behalf of independent beneficial owners of CRH plc ordinary shares. They are not the direct beneficial owner but manage the shares.

The filing does not specify the exact reason for the decrease in Artio Global Management LLC's stake. It only reports the change in holding below the 3% notification threshold.

Crossing certain ownership thresholds, such as 3%, typically triggers mandatory disclosure requirements for shareholders in many jurisdictions. This filing indicates that Artio Global Management LLC's holding fell below this reporting threshold.

The filing states it is an 'acquisition or disposal of voting rights.' While it implies a disposal (reduction in holding), the exact nature of the transaction (e.g., sale, transfer of management) is not detailed beyond the change in the number of shares and voting rights held.