Summary
CRH Public Limited Company (CRH) filed a Form 6-K on December 17, 2019, to report a transaction by a person discharging managerial responsibilities (PDMR). Specifically, it details a purchase of American Depositary Receipts (ADRs) by Shaun Kelly, a Non-executive Director of CRH plc. This filing is important for investors as it provides transparency into insider transactions. The purchase of 1,000 ADRs by Mr. Kelly at a price of US$40.065 per ADR on December 13, 2019, indicates a personal investment by a key executive, which can sometimes be interpreted as a positive signal regarding the director's confidence in the company's future performance. The transaction was conducted in New York.
Key Highlights
- 1CRH plc filed a Form 6-K on December 17, 2019.
- 2The filing reports a transaction by a Person Discharging Managerial Responsibilities (PDMR).
- 3Shaun Kelly, a Non-executive Director of CRH plc, purchased shares.
- 4The transaction involved the purchase of 1,000 American Depositary Receipts (ADRs).
- 5The purchase price was US$40.065 per ADR.
- 6The transaction date was December 13, 2019.
- 7The transaction took place in New York.
Frequently Asked Questions
This Form 6-K filing is significant because it discloses a transaction by a company insider (a Non-executive Director) involving the purchase of company stock. Such filings are crucial for investor transparency and can provide insights into the confidence level of management in the company's prospects.
Shaun Kelly is identified as a Non-executive Director of CRH plc. He is the individual who made the purchase of CRH's American Depositary Receipts (ADRs).
Shaun Kelly purchased 1,000 American Depositary Receipts (ADRs). Each ADR represents one Ordinary Share of €0.32 each in CRH plc.
The transaction occurred on December 13, 2019, with the shares being purchased at a price of US$40.065 per ADR.