8-K

CRH PUBLIC LTD CO 8-K Report (Jan 4, 2011)

Filed January 4, 2011For Securities:CRH

Summary

This Form 6-K filing by CRH Public Limited Company (CRH) reports a notification of a change in major shareholding. The Growth Fund of America, Inc. (GFA), an investment fund managed by Capital Research and Management Company (CRMC), has disposed of CRH Ordinary Shares, bringing its direct holding to 35,430,232 shares. This acquisition or disposal event resulted in GFA's holding falling below the 5% threshold of CRH's issued share capital. While GFA holds the shares, proxy voting authority has been granted to CRMC, and GFA's control of voting rights in CRH is stated as 0%.

Key Highlights

  • 1The Growth Fund of America, Inc. (GFA) has reduced its holding in CRH.
  • 2GFA's current holding is 35,430,232 Ordinary Shares.
  • 3This holding represents 4.99% of CRH's issued share capital, a decrease from a previous level that crossed below the 5% notification threshold.
  • 4GFA has granted proxy voting authority to its investment adviser, Capital Research and Management Company (CRMC).
  • 5GFA's direct control over voting rights in CRH is reported as 0%.

Frequently Asked Questions

A Form 6-K is a report of foreign private issuers that provides information not otherwise publicly available or required to be filed under U.S. securities laws. In this case, it's being used to disclose a significant change in a major shareholder's stake in CRH.

GFA is an investment fund that holds shares in CRH. It is managed by Capital Research and Management Company (CRMC), which acts as GFA's investment adviser.

Under many regulatory frameworks, shareholders crossing certain thresholds (like 5% or 10%) are required to notify the company and regulatory bodies of their holdings. GFA's reduction in shares means they are no longer above the 5% notification threshold, indicating a change in their substantial investment in CRH.

While GFA legally owns the shares, CRMC has been given the authority to vote those shares on behalf of GFA. The filing explicitly states that GFA's control of voting rights is 0%, meaning CRMC effectively directs how these shares are voted.