8-K

CRH PUBLIC LTD CO 8-K Report (Aug 13, 2018)

Filed August 13, 2018For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on August 10, 2018, reporting a change in major shareholdings. Standard Life Aberdeen plc, through its affiliated investment management entities, has crossed the 3% threshold of voting rights in CRH. This notification is a standard regulatory filing detailing the acquisition or disposal of voting rights, specifically the acquisition by Standard Life Aberdeen's managed portfolios. The change occurred on August 9, 2018, and CRH was notified on August 10, 2018. The total voting rights held now stand at 3.04% of the total issued voting rights of CRH. The filing provides a breakdown of how these voting rights are held through various Standard Life Aberdeen entities, indicating that these shares are managed discretely for multiple client portfolios. Investors should note that this filing signifies a change in the ownership structure from a significant institutional investor, Standard Life Aberdeen, which manages assets on behalf of its clients. While the percentage is relatively small, it's important for understanding the composition of CRH's shareholder base and potential trading activity from large institutional players.

Key Highlights

  • 1CRH plc filed a Form 6-K on August 10, 2018, reporting a major shareholding notification.
  • 2Standard Life Aberdeen plc, through affiliated investment management entities, crossed the 3% voting rights threshold in CRH.
  • 3The crossing of the threshold occurred on August 9, 2018.
  • 4The total voting rights held by Standard Life Aberdeen entities is reported as 3.04% of CRH's total issued voting rights.
  • 5The voting rights are held indirectly through various Standard Life Aberdeen investment management entities across multiple client portfolios.
  • 6This notification is a result of an acquisition or disposal of voting rights.
  • 7The filing provides a detailed breakdown of the chain of controlled undertakings through which the voting rights are effectively held.

Frequently Asked Questions

The main purpose of this Form 6-K filing is to report a change in a major shareholding. Standard Life Aberdeen plc, through its investment management arms, has acquired or disposed of voting rights in CRH plc, crossing the 3% notification threshold.

Standard Life Aberdeen plc is a significant investment management firm. They are required to notify CRH plc and the relevant regulatory bodies (like the Central Bank of Ireland) when the percentage of voting rights they hold, either directly or indirectly, in a company crosses certain thresholds (in this case, 3%). This specific filing indicates that their aggregate holdings in CRH have reached 3.04%.

No, a 3.04% holding does not represent a controlling stake in CRH. It signifies a significant but minority investment. Regulatory filings like this are important for transparency, allowing investors to understand who the major shareholders are and how their stakes evolve.

The voting rights are held indirectly through various affiliated investment management entities within Standard Life Aberdeen. These entities manage these shares in multiple portfolios on behalf of underlying clients, who have delegated the voting power to the investment manager.