8-K

CRH PUBLIC LTD CO 8-K Report (May 10, 2017)

Filed May 10, 2017For Securities:CRH

Summary

This Form 6-K filing by CRH Public Limited Company (CRH) on May 10, 2017, reports on transactions by Persons Discharging Managerial Responsibilities (PDMRs) and persons closely associated with them. The primary information relates to the exercise of a scrip dividend by several key executives and related parties on May 5, 2017, in Dublin, Ireland. Investors should note that these transactions represent the reinvestment of dividends into additional ordinary shares rather than outright purchases or sales. The scrip dividend option allows shareholders to receive new shares instead of a cash dividend, which can be a tax-efficient way to increase shareholdings. The price per share for these scrip dividends was approximately €33.08. This filing provides transparency into how CRH's leadership is managing their shareholdings.

Key Highlights

  • 1Notification of scrip dividend transactions by CRH's Persons Discharging Managerial Responsibilities (PDMRs) and associated persons.
  • 2Transactions occurred on May 5, 2017, in Dublin, Ireland.
  • 3The nature of the transaction was a 'Scrip Dividend', meaning dividend payments were reinvested into new ordinary shares.
  • 4The price per ordinary share under the scrip dividend was consistently reported at approximately €33.08.
  • 5Key individuals involved include Maeve Carton (Group Transformation Director), Nicky Hartery (Chairman), Albert Manifold (Chief Executive), and Senan Murphy (Finance Director).
  • 6Associated parties, Siglas Holdings Limited and Joan Duffy, also participated in the scrip dividend.
  • 7This filing complies with Article 19 of Regulation (EU) No 596/2014 on market abuse.

Frequently Asked Questions

A scrip dividend is an option for shareholders to receive new shares in a company instead of a cash dividend. This allows shareholders to increase their stake in the company without using personal funds, and it can sometimes be more tax-efficient than receiving cash.

No, these transactions are not a purchase or sale in the traditional sense. They represent the reinvestment of dividend payments into new ordinary shares issued by CRH. The individuals received their dividend entitlement in the form of additional shares rather than cash.

These transactions indicate that CRH's key management personnel are choosing to reinvest their dividends back into the company, which can be interpreted as a signal of confidence in the company's future prospects. It also provides transparency regarding the shareholding activities of insiders as required by regulatory bodies.

CRH is an Irish incorporated company and files reports with the SEC under a Form 6-K, which is used by foreign private issuers to report information that they have made or are required to make public pursuant to the laws of their home country, for release to their shareholders, or that is required to be filed with or furnished to any stock exchange on which their securities are or will be listed. This particular filing concerns transactions by persons discharging managerial responsibilities, which is a regulatory disclosure requirement.