8-K

CRH PUBLIC LTD CO 8-K Report (Sep 27, 2013)

Filed September 27, 2013For Securities:CRH

Summary

This 8-K filing reports a significant change in the holdings of BlackRock, Inc. in CRH Public Limited Company. Specifically, BlackRock's aggregate voting rights in CRH have fallen below the 6% threshold. This notification is made under the Standard Form TR-1, indicating an acquisition or disposal of voting rights. The transaction date was September 24, 2013, and CRH was notified on September 27, 2013. This change in substantial shareholding may be of interest to investors as it indicates a decrease in BlackRock's significant stake in CRH. While BlackRock remains a substantial shareholder, crossing this reporting threshold suggests a shift in their investment position or strategy concerning CRH. Investors should monitor future filings for any further changes in significant holdings, as these can sometimes precede or accompany other corporate developments.

Key Highlights

  • 1BlackRock, Inc.'s holding in CRH Public Limited Company has fallen below the 6% threshold of voting rights.
  • 2The notification is a result of an acquisition or disposal of voting rights by BlackRock.
  • 3The transaction date triggering this notification was September 24, 2013.
  • 4CRH Public Limited Company was notified of this change on September 27, 2013.
  • 5BlackRock's resulting situation shows 43,712,866 voting rights, representing 5.99% of the total.
  • 6BlackRock Investment Management (UK) Limited is identified as the entity effectively holding these voting rights.

Frequently Asked Questions

The main purpose of this 8-K filing is to formally notify the Securities and Exchange Commission (SEC) and CRH Public Limited Company (CRH) that BlackRock, Inc.'s shareholding in CRH has fallen below the 6% threshold of voting rights. This type of filing is required when a significant shareholder's interest changes.

BlackRock is a major institutional investor. When its stake falls below a significant reporting threshold like 6%, it can signal a change in their investment strategy or confidence in the company. While they still hold a substantial interest (5.99%), this reduction might prompt other investors to re-evaluate their own positions or to look for reasons behind BlackRock's divestment.

No, this filing does not indicate that BlackRock has sold all of its shares. It states that their holding has gone *below* 6%, and their resulting situation shows they still hold 43,712,866 shares, representing 5.99% of the voting rights. This means they remain a significant shareholder.

BlackRock Investment Management (UK) Limited is identified as the specific entity within the BlackRock group that effectively holds the reported 5.99% voting rights in CRH. This indicates the operational management of this stake.