8-K

CRH PUBLIC LTD CO 8-K Report (Sep 24, 2014)

Filed September 24, 2014For Securities:CRH

Summary

This SEC Form 6-K filing from CRH Public Limited Company (CRH) on September 24, 2014, reports a significant change in shareholding by BlackRock, Inc. The primary focus of the report is that BlackRock's aggregate holding of CRH voting rights has fallen below the 6% threshold. Specifically, their total voting rights now stand at 5.50%, as of September 19, 2014. This notification is made under the "Standard Form TR-1: Notifications of Major Interests in Shares" and indicates an acquisition or disposal of voting rights. Investors should note that this filing does not suggest any fundamental change in CRH's business operations or financial performance, but rather a shift in the investment position of a major institutional shareholder. The filing details that BlackRock Investment Management (UK) Limited is the entity through which these voting rights are effectively held.

Key Highlights

  • 1BlackRock, Inc.'s total voting rights in CRH plc have fallen below 6%, now standing at 5.50%.
  • 2The transaction date triggering the notification was September 19, 2014.
  • 3The filing is a "Standard Form TR-1: Notifications of Major Interests in Shares."
  • 4The reason for the notification is an acquisition or disposal of voting rights.
  • 5BlackRock Investment Management (UK) Limited effectively holds the voting rights.
  • 6The specific share class is Ordinary Shares with ISIN CODE IE0001827041.
  • 7The previous holding was 43,857,751 shares and voting rights, representing a level above 6%.

Frequently Asked Questions

The main reason for this filing is to formally notify CRH plc and the relevant regulatory bodies that BlackRock, Inc.'s aggregate voting rights in CRH have fallen below the 6% threshold. Their current holding is 5.50%.

No, this filing does not indicate any problems with CRH's business operations or financial health. It solely reports a change in the shareholding percentage of a major institutional investor, BlackRock, Inc., which can occur for various investment strategy reasons.

According to the filing, BlackRock Investment Management (UK) Limited is the entity through which the voting rights are effectively held. BlackRock, Inc. is the entity making the notification.

Before the triggering transaction on September 19, 2014, BlackRock held 43,857,751 ordinary shares, which represented a voting rights percentage above the 6% threshold that was subsequently crossed.