8-K

CRH PUBLIC LTD CO 8-K Report (May 13, 2011)

Filed May 13, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on May 13, 2011, to report a change in major shareholding. The notification, submitted by Norges Bank (The Central Bank of Norway), details an adjustment related to CRH's Scrip Dividend Scheme. This event led to Norges Bank's holding of CRH ordinary shares crossing a significant threshold. Specifically, following the allotment of shares under the Scrip Dividend Scheme on May 9, 2011, Norges Bank's total voting rights in CRH decreased to 2.99%. This places their holding just below the 3% notification threshold. While the change itself is a technical reporting event, it provides insight into the dividend reinvestment activities and the participation of significant institutional investors in CRH's equity.

Key Highlights

  • 1Norges Bank (The Central Bank of Norway) has notified CRH plc of a change in its major shareholding.
  • 2The notification is a result of the allotment of shares under CRH's Scrip Dividend Scheme.
  • 3The transaction date triggering the notification was May 9, 2011.
  • 4Norges Bank's voting rights in CRH, after the allotment, stand at 2.99%.
  • 5This holding falls just below the 3% threshold that typically triggers mandatory disclosure requirements.
  • 6The filing is made on a Form 6-K, indicating CRH is a foreign private issuer reporting additional information.
  • 7The Company Secretary, Neil Colgan, is listed as the contact for this filing.

Frequently Asked Questions

The main purpose of this Form 6-K filing is to report a change in a major shareholding in CRH Public Limited Company. Specifically, it details how Norges Bank's percentage of voting rights changed due to the allotment of shares under CRH's Scrip Dividend Scheme.

Norges Bank's shareholding became subject to notification because their total voting rights in CRH, after the allotment of shares under the Scrip Dividend Scheme, adjusted to 2.99%. Although this is just below the 3% threshold, the 'event changing the breakdown of voting rights' (specifically due to the Scrip Dividend Scheme allotment) triggered the notification requirement.

A Scrip Dividend Scheme allows shareholders to receive new shares instead of a cash dividend. In this case, Norges Bank opted to receive new CRH shares, which adjusted their total number of shares and voting rights. The net effect of this allotment, relative to the total issued shares, resulted in Norges Bank's stake falling to 2.99%.

Yes, Norges Bank remains a significant shareholder with a holding of 2.99% of the voting rights. While this specific event resulted in their holding falling just below a common disclosure threshold, a holding of nearly 3% indicates a substantial investment.