8-K

CRH PUBLIC LTD CO 8-K Report (Feb 1, 2010)

Filed February 1, 2010For Securities:CRH

Summary

This Form 6-K filing by CRH Public Limited Company (CRH) on February 1, 2010, reports a significant event related to shareholding. Specifically, it details that BlackRock, Inc. acquired a substantial interest in CRH, crossing a notification threshold of 3% of the company's voting rights. This acquisition occurred on December 31, 2009, and was formally notified to CRH on January 5, 2010. For investors, this filing signals increased institutional ownership by a major asset manager. While BlackRock is a large investor and its holdings can fluctuate, crossing the 3% threshold suggests a notable stake in CRH. Investors should monitor further filings for any changes in BlackRock's position and consider this as a factor in their assessment of CRH's shareholder base and potential market activity.

Key Highlights

  • 1BlackRock, Inc. acquired a significant holding in CRH Public Limited Company.
  • 2The acquisition resulted in BlackRock holding 3.54% of CRH's voting rights.
  • 3The threshold crossed triggering the notification was 3% of voting rights.
  • 4The transaction date for the acquisition was December 31, 2009.
  • 5CRH was officially notified of this change in substantial holding on January 5, 2010.
  • 6BlackRock Investment Management (UK) Limited is the specific entity through which the voting rights are held.

Frequently Asked Questions

This filing (Form 6-K) is a report of a foreign private issuer notifying the SEC about a change in a substantial shareholder's interest. In this case, it reports that BlackRock, Inc. has acquired a significant stake in CRH Public Limited Company.

BlackRock, Inc. is a major global investment management corporation. When a large institutional investor like BlackRock acquires a stake exceeding a certain threshold (in this case, 3%), it can indicate confidence in the company's prospects or represent a strategic investment, which is often of interest to other investors.

Crossing the 3% threshold means BlackRock's ownership in CRH has reached a level that requires them to officially disclose their substantial interest to the company and regulatory bodies. For existing CRH shareholders, it signifies an increase in institutional ownership by a prominent asset manager.

This filing only reports on the acquisition that caused BlackRock to cross the 3% threshold as of December 31, 2009. It does not explicitly state BlackRock's future intentions regarding further share acquisitions. Investors should monitor future filings for any changes in BlackRock's holdings.