8-K

CRH PUBLIC LTD CO 8-K Report (Nov 3, 2017)

Filed November 3, 2017For Securities:CRH

Summary

This filing is a Form 6-K from CRH Public Limited Company, reporting a significant change in major shareholdings. Specifically, BlackRock, Inc. has crossed a notification threshold for its holdings in CRH. The filing details that as of November 1, 2017, BlackRock, Inc.'s total holdings, including both voting shares and financial instruments, exceeded 9%. This notification is important for investors as it signals a substantial ownership stake by a major institutional investor. The precise breakdown indicates that BlackRock, Inc. now holds 8.77% of voting rights attached to shares and 0.24% through financial instruments, bringing their total to 9.01%. The filing also includes a detailed breakdown of the controlled undertakings through which these holdings are managed, highlighting the complexity of institutional ownership structures.

Key Highlights

  • 1BlackRock, Inc. has crossed a major holding notification threshold in CRH PLC, exceeding 9% of total holdings.
  • 2The notification event date was November 1, 2017.
  • 3BlackRock's total holdings comprise 8.77% in voting rights attached to shares and 0.24% through financial instruments.
  • 4The total combined holding by BlackRock, Inc. is 9.01% of CRH PLC's voting rights.
  • 5This filing is a Form 6-K, a report of foreign private issuers, filed with the SEC.
  • 6The filing provides a detailed chain of controlled undertakings through which BlackRock manages its interest in CRH.

Frequently Asked Questions

An increase in a major institutional investor's stake, such as BlackRock's, can signal confidence in the company's future prospects. It also means BlackRock has a more significant voice in shareholder matters, potentially influencing corporate decisions.

The filing specifies that BlackRock holds 0.24% of CRH's voting rights through financial instruments. This includes 0.00% from instruments like ADRs and 0.24% from financial instruments with similar economic effects, such as CFDs (Contracts for Difference) which are cash-settled.

CRH Public Limited Company is an Irish company and a "foreign private issuer." Under SEC rules, such companies typically use Form 6-K to report certain types of information that they make public in their home country, including significant changes in shareholdings. This is different from domestic U.S. companies which would use forms like the 8-K for similar disclosures.

According to the filing, the total number of voting rights of the issuer (CRH PLC) is 836,536,931.