8-K

CRH PUBLIC LTD CO 8-K Report (Jul 24, 2009)

Filed July 24, 2009For Securities:CRH

Summary

This Form 6-K filing from CRH Public Limited Company (CRH) on July 23, 2009, primarily reports a transaction involving a Director/PDMR (Person Discharging Managerial Responsibilities). Specifically, it details Jan Maarten de Jong's acquisition of 285 ordinary shares via a scrip dividend on May 1, 2009, at a price of €13.83 per share. This transaction represents a minor increase in his total holdings, which following the notification stood at 13,386 shares, a negligible percentage of the issued class. The filing also confirms the notification relates to both Market Abuse Rules and Irish Companies Act requirements. For investors, this filing indicates a routine disclosure of insider shareholding changes due to a dividend reinvestment. The scrip dividend mechanism suggests that the director chose to receive shares rather than cash, a common practice. The relatively small number of shares acquired and the minimal percentage change in holding do not suggest any significant shift in insider confidence or strategy. The information is standard for maintaining transparency regarding director and PDMR share dealings.

Key Highlights

  • 1Notification of a transaction by Jan Maarten de Jong, a Director/PDMR of CRH plc.
  • 2Transaction involved the acquisition of 285 ordinary shares of €0.32 each.
  • 3Shares were acquired through a 'Scrip Dividend' on May 1, 2009.
  • 4The acquisition price per share was €13.83.
  • 5Jan Maarten de Jong's total shareholding increased to 13,386 ordinary shares following this transaction.
  • 6The acquired shares represent a negligible 0.000041% of the issued class of shares.
  • 7The notification was made on July 23, 2009, concerning a transaction that occurred earlier in the year.

Frequently Asked Questions

A scrip dividend is a dividend paid to shareholders in the form of additional shares in the company, rather than in cash. Shareholders typically have the option to choose between receiving a cash dividend or a scrip dividend, often as a way to reinvest profits back into the company or for tax efficiency.

No, the transaction is very minor. Jan Maarten de Jong acquired 285 shares, increasing his total holding to 13,386 shares. This represents an extremely small fraction (0.000041%) of the total issued shares, indicating no substantial change in his investment or confidence level based on this event alone.

Regulatory filings for director/PDMR share transactions often have a reporting delay. While the transaction occurred on May 1, 2009, CRH plc, as the issuer, was informed of the transaction on July 23, 2009, and subsequently made this report on the same day to comply with disclosure requirements.

The Form 6-K is a report of foreign private issuers filed with the SEC. In this case, it serves to disclose information that CRH plc has made or is required to make public in its home jurisdiction (Ireland) or that it has published or made available to its security holders. This specific filing is to report on the shareholding of a director/PDMR, ensuring transparency for U.S. investors as required by securities laws.