Summary
This 8-K filing from CRH Public Limited Company (CRH) on September 9, 2013, primarily reports a change in major shareholding. The filing details that The Goldman Sachs Group, Inc. and its affiliates have disposed of voting rights in CRH, bringing their total holding below the 3% threshold. This transaction is significant as it indicates a reduction in the stake held by a major financial institution. Investors should note that while the exact percentage of disposal is not explicitly stated, the key takeaway is that Goldman Sachs' aggregate voting rights are now below the 3% reporting threshold. This filing serves as a notification of this change to the market and regulatory bodies.
Key Highlights
- 1CRH Public Limited Company (CRH) filed an 8-K report on September 9, 2013.
- 2The report concerns a notification of major interests in shares.
- 3The Goldman Sachs Group, Inc. and its associated entities (Goldman Sachs International, Goldman, Sachs & Co., Goldman Sachs Asset Management, L.P., Goldman Sachs Trust Company of Delaware) are the parties subject to the notification.
- 4The transaction involved an acquisition or disposal of voting rights, with the event date being September 3, 2013.
- 5Following the transaction, the aggregate voting rights held by Goldman Sachs entities are below the 3% threshold.
- 6CRH plc was previously notified of this change by the reporting parties on September 5, 2013.
- 7The filing is made in accordance with Form TR-1: Notifications of Major Interests in Shares.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally report a change in the major shareholding of CRH Public Limited Company. Specifically, it notifies the Securities and Exchange Commission and the market that The Goldman Sachs Group, Inc. and its affiliates have reduced their voting rights in CRH to a level below 3%.
The transaction was made by The Goldman Sachs Group, Inc. and its related entities, including Goldman Sachs International, Goldman, Sachs & Co., Goldman Sachs Asset Management, L.P., and Goldman Sachs Trust Company of Delaware.
The transaction was an acquisition or disposal of voting rights attached to CRH shares. The filing indicates that the aggregate voting rights held by the Goldman Sachs entities have fallen below the 3% notification threshold.
The date of the transaction, which triggered the notification, was September 3, 2013. CRH plc was notified of this change on September 5, 2013.