8-K

CRH PUBLIC LTD CO 8-K Report (Nov 9, 2016)

Filed November 9, 2016For Securities:CRH

Summary

This SEC filing from CRH Public Limited Company (CRH) on November 9, 2016, is a Form 6-K, which is a report of foreign private issuers. The primary purpose of this filing is to disclose notifications of transactions by Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with them. These disclosures are required under Article 19 of the EU's Market Abuse Regulation. The transactions reported involve the acquisition of ordinary shares through a Scrip Dividend, which allows shareholders to receive additional shares instead of a cash dividend. Several key executives and associated entities within CRH participated in this scrip dividend program, acquiring shares at a price of €29.41 per share on November 4, 2016, in Dublin, Ireland. This filing provides transparency into the shareholdings of individuals with significant influence within the company.

Key Highlights

  • 1Disclosure of Scrip Dividend transactions by CRH Public Limited Company (CRH) directors and persons discharging managerial responsibilities (PDMRs).
  • 2The filing is made under Form 6-K, a report for foreign private issuers, in compliance with EU Market Abuse Regulation (MAR).
  • 3Transactions occurred on November 4, 2016, in Dublin, Ireland.
  • 4The price per ordinary share for the scrip dividend was €29.41.
  • 5Key personnel involved include the Group Transformation Director, Company Secretary (via PCA), Chairman, Chief Executive, Finance Director, and Chairman of CRH Americas.
  • 6Transactions involved the acquisition of ordinary shares of €0.32 each (ISIN: IE0001827041).
  • 7The filing provides transparency regarding changes in beneficial ownership among CRH's senior management and their associates.

Frequently Asked Questions

A scrip dividend is a dividend paid to shareholders in the form of additional shares rather than cash. This allows companies to retain cash for operations or investments while still rewarding shareholders.

PDMRs are individuals within the company who have direct or indirect responsibility for either deciding on and/or executing company management tasks. This typically includes senior executives, directors, and other key management personnel who have access to inside information and the power to make managerial decisions.

CRH is filing this Form 6-K because it is a foreign private issuer and is required to report certain information, such as significant events or transactions by its management, to the U.S. Securities and Exchange Commission (SEC). This specific filing is to comply with EU regulations requiring disclosure of transactions by PDMRs.

The price of €29.41 per share represents the value at which the scrip dividend was issued. This price is typically determined based on the market price of the company's shares around the time the dividend is declared or paid.