8-K

CRH PUBLIC LTD CO 8-K Report (Jul 23, 2018)

Filed July 23, 2018For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on July 20, 2018, reporting a notification of major holdings. The filing indicates a change in the holdings of Standard Life Aberdeen plc, an affiliated investment management entity. Specifically, on July 18, 2018, their aggregate voting rights in CRH fell below the 3% threshold, decreasing from 3.06% to 2.98%. This change is attributed to the acquisition or disposal of voting rights, with the notification detailing the breakdown of these holdings across various managed portfolios. While CRH plc is the issuer, the notification pertains to the holdings managed by Standard Life Aberdeen plc and its subsidiaries, who exercise delegated voting rights on behalf of multiple clients. Investors should note that this filing reflects changes in investment management holdings rather than direct corporate actions by CRH.

Key Highlights

  • 1Standard Life Aberdeen plc, an affiliated investment management entity, has reduced its aggregate voting rights in CRH plc.
  • 2The threshold crossed was 3%, with the total voting rights decreasing from 3.06% to 2.98%.
  • 3The date the threshold was crossed or reached was July 18, 2018.
  • 4The notification is a result of an acquisition or disposal of voting rights.
  • 5The voting rights are held indirectly through various affiliated investment management entities within Standard Life Aberdeen plc.
  • 6The delegated voting rights are exercised on behalf of multiple managed portfolios and underlying clients.

Frequently Asked Questions

This 8-K filing (specifically a Form 6-K, which is used by foreign private issuers) is a notification of major holdings. It informs the SEC and CRH plc that Standard Life Aberdeen plc has crossed a significant threshold in its voting rights ownership of CRH plc shares.

The filing states that the change is due to an 'acquisition or disposal of voting rights'. This typically means that the investment management entities within Standard Life Aberdeen plc bought or sold shares in CRH plc on behalf of their clients, leading to a change in their aggregate voting power.

This filing primarily concerns changes in investment management holdings. It indicates a shift in a significant institutional investor's stake or voting power. While substantial changes in major holdings can sometimes correlate with broader market sentiment, this specific filing does not suggest any direct impact on CRH plc's day-to-day operations, strategy, or financial performance. It's important to distinguish between investment fund management and the company's own corporate actions.

Standard Life Aberdeen plc is an affiliated investment management entity. They manage investment portfolios on behalf of various clients. Their relationship to CRH is that of a significant shareholder whose voting rights in CRH plc are managed by them through discretionary investment management agreements, where clients delegate voting power.