8-K

CRH PUBLIC LTD CO 8-K Report (Jul 25, 2014)

Filed July 25, 2014For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) reports on notifications received from State Street Corporation regarding changes in their aggregate holding of CRH voting rights. The notifications, filed on July 24, 2014, relate to events that occurred in December 2011 and November 2013. Specifically, State Street reported an acquisition of voting rights on December 16, 2011, which resulted in their aggregate holding reaching 3.31% (23,773,080 shares). Subsequently, on November 25, 2013, State Street's aggregate holdings fell below the 3% threshold.

Key Highlights

  • 1State Street Corporation disclosed changes in its aggregate holdings of CRH voting rights.
  • 2An acquisition event on December 16, 2011, caused State Street's aggregate holding to reach 3.31% (23,773,080 shares).
  • 3A subsequent event on November 25, 2013, resulted in State Street's aggregate holdings falling below the 3% threshold.
  • 4The notifications were received by CRH on July 24, 2014, and filed with the SEC on July 25, 2014.
  • 5State Street manages these holdings on behalf of third-party beneficiaries (Clients) under discretionary management.
  • 6The shares were held in nominee company names at the time of the acquisition.
  • 7CRH plc is registered as a foreign private issuer filing Form 20-F.

Frequently Asked Questions

This filing primarily informs investors about a significant institutional shareholder, State Street Corporation, crossing and then falling below a 3% voting rights threshold in CRH. It provides transparency on major holdings and changes, which can be relevant for understanding shareholder composition.

State Street indicated that the disclosure relates to an 'historic aggregate holding' that was not previously disclosed. They filed a further TR-1 as their holdings fell below the 3% threshold on November 25, 2013, and no other TR-1 disclosures were required between December 2011 and November 2013 as the 3% or 4% thresholds were not met or exceeded on other dates.

Yes, the filing indicates that State Street's aggregate holdings fell below the 3% threshold on November 25, 2013. This implies they still hold shares, but their interest is now below the reporting threshold of 3%.

This means that while State Street Corporation has control over the voting rights (and the aggregate holding crossed reporting thresholds), the actual beneficial ownership of the shares belongs to various clients whose assets are managed by State Street. The shares are held in accounts managed by State Street, not directly in the names of the individual clients.