8-K

CRH PUBLIC LTD CO 8-K Report (Jun 15, 2015)

Filed June 15, 2015For Securities:CRH

Summary

This Form 6-K filing from CRH Public Limited Company (CRH) on June 15, 2015, reports a notification received from Baillie Gifford & Co and Baillie Gifford Overseas Limited concerning holdings in the company. The filing indicates that as of June 11, 2015, these entities, acting as discretionary investment managers for their clients, held 27,806,321 ordinary shares in CRH. The primary purpose of this notification appears to be in relation to the implementation of the Companies Act 2014 of Ireland. Importantly, there was no change in the number of shares held by Baillie Gifford immediately before and after the event date of June 1, 2015. This suggests a continuation of their existing investment position rather than a new acquisition or divestiture triggering a change in notifiable interest under the new act.

Key Highlights

  • 1CRH plc filed a Form 6-K on June 15, 2015, reporting information received on June 11, 2015.
  • 2The filing details a notification from Baillie Gifford & Co and Baillie Gifford Overseas Limited regarding their shareholding in CRH.
  • 3Baillie Gifford entities act as discretionary investment managers for their clients.
  • 4The total number of ordinary shares held by Baillie Gifford (collectively for their clients) was 27,806,321.
  • 5This shareholding remained unchanged immediately before and after the implementation of the Companies Act 2014 on June 1, 2015.
  • 6The filing does not indicate any new agreements or changes in beneficial ownership that would alter the notifiable interest beyond the existing discretionary management role.

Frequently Asked Questions

This filing is a Form 6-K, which is a report of foreign private issuers. It primarily serves to inform investors that a significant institutional shareholder, Baillie Gifford, has confirmed its holdings in CRH. The key takeaway is that Baillie Gifford, acting as a discretionary manager, holds a substantial block of CRH shares (27,806,321) and this holding remained stable following the implementation of new Irish company law.

Baillie Gifford & Co and Baillie Gifford Overseas Limited are investment management firms based in Scotland. They manage investment portfolios on a discretionary basis for their clients, meaning they have the authority to make investment decisions on behalf of those clients. Their holding of CRH shares is on behalf of these clients.

The notification was triggered by the implementation of the Companies Act 2014 in Ireland. This new legislation likely updated or clarified the requirements for reporting significant shareholdings and notifiable interests. Baillie Gifford's filing confirms their existing interest in CRH aligns with the new reporting framework, ensuring compliance.

No, the filing explicitly states that the number of shares in which Baillie Gifford was interested immediately before and immediately following the event (June 1, 2015) was the same: 27,806,321 ordinary shares. This indicates a continuity of their holding and does not suggest a change in their investment strategy or a new acquisition/disposal of shares.