8-K

CRH PUBLIC LTD CO 8-K Report (Mar 13, 2012)

Filed March 13, 2012For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) primarily concerns a notification of share transactions by a Person Discharging Managerial Responsibility (PDMR) and individuals closely associated with them. Specifically, it details the sale of CRH ordinary shares by Erik Bax, an individual in a managerial role within the company. Investors should note that Erik Bax sold 5,230 ordinary shares at a price of Stg£13.45 per share on March 13, 2012. Following this transaction, Erik Bax's direct holding of CRH shares amounts to 7,416, and he also has a non-beneficial interest in an additional 12,270 shares held by BBHISL Nominees Limited, bringing his total disclosed holding to 19,686 ordinary shares. This transaction represents a small percentage of the total issued class of shares.

Key Highlights

  • 1Notification of share disposal by a Person Discharging Managerial Responsibility (PDMR), Erik Bax.
  • 2Erik Bax sold 5,230 CRH ordinary shares on March 13, 2012.
  • 3The sale price was Stg£13.45 per share.
  • 4Following the sale, Erik Bax holds 7,416 ordinary shares directly.
  • 5Erik Bax has a non-beneficial interest in an additional 12,270 ordinary shares held by BBHISL Nominees Limited.
  • 6Total disclosed holding for Erik Bax after the transaction is 19,686 ordinary shares.
  • 7The disposal represents 0.000727% of the issued class of shares.

Frequently Asked Questions

Erik Bax is identified as a 'Person Discharging Managerial Responsibility' (PDMR) at CRH. This classification means he holds a significant position within the company that requires disclosure of his share dealings.

This transaction is reported to comply with regulatory requirements, specifically Rule 7.2 and 7.3 of the Central Bank of Ireland's Market Abuse Rules, which mandate disclosure of share dealings by individuals in managerial positions or those closely associated with them.

This filing reports a specific transaction by an individual executive and does not inherently signal a negative outlook for the company. The sale represents a very small fraction of CRH's total issued shares. Investors should consider such transactions in the context of broader company performance and financial statements.

After selling 5,230 shares, Erik Bax directly holds 7,416 ordinary shares. He also has a non-beneficial interest in 12,270 shares held by BBHISL Nominees Limited, bringing his total disclosed shareholding to 19,686 ordinary shares.