8-K

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

Filed November 8, 2012For Securities:CRH

Summary

This Form 6-K filing from CRH Public Limited Company (CRH) on November 7, 2012, reports a transaction involving a Person Discharging Managerial Responsibilities (PDMR) and a connected person, specifically a relative. The primary transaction is the reinvestment of dividends by Doug Black, a PDMR, into CRH Ordinary Shares held as American Depositary Receipts (ADRs). The filing details the acquisition of 8 ADRs at a price of US$18.62 per ADR on October 31, 2012. It also notes a non-beneficial interest held by The Bank of New York Mellon (as a relative) in 677 ADRs. This disclosure is made in accordance with Irish Stock Exchange Listing Rules and the Central Bank of Ireland's Market Abuse Rules.

Key Highlights

  • 1Notification of a transaction involving a Person Discharging Managerial Responsibilities (PDMR), Doug Black.
  • 2Transaction type: Re-investment of dividend into CRH Ordinary Shares (held as ADRs).
  • 3PDMR Doug Black acquired 8 ADRs at US$18.62 per ADR on October 31, 2012.
  • 4A relative, The Bank of New York Mellon, holds 677 ADRs (non-beneficial interest).
  • 5Filing is made in compliance with Irish Stock Exchange Listing Rules and Central Bank of Ireland's Market Abuse Rules.
  • 6The disclosure pertains to shareholdings of individuals in positions of managerial responsibility and their closely associated persons.

Frequently Asked Questions

Doug Black is identified as a Person Discharging Managerial Responsibilities (PDMR) at CRH plc. The filing doesn't specify his exact title, but PDMRs are individuals with access to inside information and responsibility for administrative, commercial, or technical dealings that affect the issuer's future developments and business prospects.

It means that Mr. Black chose to use the dividends he received from his CRH shares to purchase additional shares (or ADRs in this case), rather than receiving the cash payment. This is often done through dividend reinvestment plans (DRIPs).

ADRs (American Depositary Receipts) are certificates issued by a U.S. depositary bank representing a specified number of shares of a foreign company's stock. CRH is an Irish company, and its shares are traded on U.S. exchanges via ADRs, making them accessible to U.S. investors.

The Bank of New York Mellon is listed as a holder of 677 ADRs in a non-beneficial interest capacity, and it is identified as a 'relative' connected to Doug Black. This indicates a familial relationship, and the shares are held by the bank on behalf of or for the benefit of Mr. Black's relative.