Summary
This 8-K filing from CRH Public Limited Company primarily concerns notifications of transactions by persons discharging managerial responsibilities (PDMRs) and persons closely associated with them. Specifically, it details transactions involving CRH ordinary shares conducted on November 3, 2017, in Dublin, Ireland. These transactions relate to a Scrip Dividend, indicating that individuals with insider status received shares as a dividend payment, rather than cash.
Key Highlights
- 1The filing discloses scrip dividend transactions for CRH ordinary shares (ISIN: IE0001827041).
- 2Transactions occurred on November 3, 2017, in Dublin, Ireland.
- 3Key individuals including the Chairman (Nicky Hartery), Chief Executive (Albert Manifold), and Finance Director (Senan Murphy) were involved in these scrip dividend distributions.
- 4Closely Associated Persons (PCAs) of PDMRs, such as Siglas Holdings Limited (associated with Nicky Hartery) and Joan Duffy (associated with Neil Colgan), also had transactions reported.
- 5The scrip dividend was issued at a price of approximately €29.24 per share.
- 6This filing fulfills regulatory requirements under Article 19 of the EU Market Abuse Regulation.
Frequently Asked Questions
A scrip dividend is a dividend paid to shareholders in the form of additional shares rather than cash. This filing reports these transactions because EU regulations (specifically Article 19 of the Market Abuse Regulation) require disclosure when persons in managerial positions within a company, or those closely associated with them, conduct transactions involving the company's financial instruments.
PDMRs are individuals within CRH who hold senior management or board positions and are therefore likely to have access to inside information. In this filing, key PDMRs include Nicky Hartery (Chairman), Albert Manifold (Chief Executive), and Senan Murphy (Finance Director).
These specific transactions represent the receipt of shares via a scrip dividend, not an open market purchase or sale. Insiders are choosing to receive additional shares as their dividend payment instead of cash. This is a common practice and does not necessarily imply a change in their investment strategy or outlook on the company's stock.
The 'Price(s)' listed, such as €29.24, represents the notional value or price per share at which the scrip dividend was issued. This price is typically determined by a formula based on the market price of the shares around the dividend payment date. The volume refers to the number of shares received by each individual or associated entity.