8-K

CRH PUBLIC LTD CO 8-K Report (Jan 11, 2010)

Filed January 11, 2010For Securities:CRH

Summary

This Form 6-K filing by CRH Public Limited Company (CRH) reports a change in major shareholding. Specifically, The Growth Fund of America, Inc., as of January 1, 2010, granted proxy voting authority to its investment adviser, Capital Research and Management Company. This action resulted in a notification threshold being crossed, although the underlying share ownership by The Growth Fund of America, Inc. remained unchanged at 30,131,457 ordinary shares, representing 0% of voting rights after the effective date. While the notification triggers a disclosure requirement, the core information for investors is that a significant investment manager, Capital Research and Management Company, is now exercising voting rights for a substantial block of CRH shares previously managed by The Growth Fund of America, Inc. Investors should monitor any potential changes in investment strategy or shareholder activism that might stem from this delegated voting authority.

Key Highlights

  • 1The Growth Fund of America, Inc. crossed the 3% notification threshold for voting rights in CRH plc.
  • 2Effective January 1, 2010, The Growth Fund of America, Inc. granted proxy voting authority to its investment adviser, Capital Research and Management Company.
  • 3The number of ordinary shares held by The Growth Fund of America, Inc. remained at 30,131,457.
  • 4The percentage of voting rights held directly by The Growth Fund of America, Inc. after the transaction is reported as 0%.
  • 5The filing is a Form 6-K, indicating it's a report of a foreign private issuer.
  • 6The transaction date is January 1, 2010, with the issuer notified on January 7, 2010.

Frequently Asked Questions

This filing is a notification of a change in major shareholding. Specifically, The Growth Fund of America, Inc. has granted proxy voting authority to its investment adviser, Capital Research and Management Company, which triggered a reporting requirement under relevant regulations because it crossed a notification threshold.

No, the filing indicates that the number of ordinary shares held by The Growth Fund of America, Inc. remained unchanged at 30,131,457. The change reported relates to the delegation of voting rights authority.

Capital Research and Management Company, the investment adviser to The Growth Fund of America, Inc., is now exercising the proxy voting authority for the 30,131,457 CRH shares.

The beneficial ownership of the shares remains with The Growth Fund of America, Inc. However, the decision-making power regarding voting rights has been delegated to Capital Research and Management Company. Investors may want to track the actions and potential influence of Capital Research and Management Company concerning CRH.