8-K

CRH PUBLIC LTD CO 8-K Report (Mar 23, 2016)

Filed March 23, 2016For Securities:CRH

Summary

This 8-K filing by CRH Public Limited Company (CRH) on March 23, 2016, reports a transaction by a Person Discharging Managerial Responsibility (PDMR), Mark Towe. Specifically, Mr. Towe sold 32,000 ordinary shares of CRH at a price of €24.61 per share on March 22, 2016. This transaction resulted in a disposal of approximately 0.003884% of the issued class of ordinary shares. Following the sale, Mr. Towe's total holding of ordinary shares is 145,444, representing 0.017653% of the issued class, excluding 44,285 deferred shares held through Numis Nominees (Client) Limited. The filing also notes that this disclosure is in accordance with Irish Stock Exchange Listing Rule 6.10, in addition to the Market Abuse Rules.

Key Highlights

  • 1PDMR Mark Towe sold 32,000 CRH ordinary shares.
  • 2The sale occurred on March 22, 2016, at a price of €24.61 per share.
  • 3This sale represents a disposal of approximately 0.003884% of CRH's issued ordinary shares.
  • 4Mark Towe's remaining direct holding is 145,444 ordinary shares.
  • 5The filing is made under Irish Stock Exchange Listing Rule 6.10 and Market Abuse Rules.
  • 6Deferred shares held by Numis Nominees (Client) Limited are noted separately and not included in Towe's direct holding calculation.

Frequently Asked Questions

CRH is filing this report to comply with regulatory requirements, specifically the Market Abuse Rules and Irish Stock Exchange Listing Rule 6.10, which mandate disclosure of transactions involving persons discharging managerial responsibilities (PDMRs) and their interests in the company's securities.

Mark Towe is identified as a Person Discharging Managerial Responsibility (PDMR) within CRH. The significance of his transaction is that it involves the sale of a portion of his shareholding, which must be disclosed to the market. While the number of shares sold is relatively small in percentage terms, insider transactions are closely watched by investors.

The total value of the shares sold by Mark Towe is approximately €786,720, calculated by multiplying the 32,000 shares sold by the sale price of €24.61 per share.

This filing only reports a single transaction by one individual. It's difficult to infer a broad market sentiment or negative outlook for CRH solely from this event. Investors should consider this information in conjunction with other financial reports, company news, and broader market conditions before forming investment decisions.