8-K

CRH PUBLIC LTD CO 8-K Report (May 19, 2020)

Filed May 19, 2020For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) reports a change in major shareholding. Baillie Gifford & Co, along with Baillie Gifford Overseas Limited as discretionary managers for their clients, has crossed a 3% threshold of voting rights attached to CRH shares. This notification is made under Standard Form TR-1, indicating an acquisition or disposal of voting rights. The event date for crossing this threshold was May 18, 2020, with CRH being notified on May 19, 2020. For investors, this filing signifies a notable change in the ownership structure, specifically regarding a significant institutional investor. While the exact nature of the acquisition or disposal (whether buying or selling) isn't detailed here, the crossing of the 3% threshold by a substantial asset manager like Baillie Gifford warrants attention. It could indicate a shift in institutional sentiment or investment strategy concerning CRH.

Key Highlights

  • 1Baillie Gifford & Co, acting as discretionary managers, and Baillie Gifford Overseas Limited have crossed a 3% threshold of voting rights in CRH Plc.
  • 2The notification is due to an acquisition or disposal of voting rights, occurring on May 18, 2020.
  • 3CRH Plc was notified of this change in major holdings on May 19, 2020.
  • 4The total voting rights attached to shares held by Baillie Gifford's managed clients were below 3% prior to this event.
  • 5The filing is made on a Standard Form TR-1 for notification of major holdings.
  • 6Baillie Gifford & Co is identified as the entity subject to the notification obligation, with Baillie Gifford Overseas Limited also involved in managing these holdings.

Frequently Asked Questions

The main purpose of this filing is to notify the SEC and CRH Plc that Baillie Gifford & Co and Baillie Gifford Overseas Limited, as discretionary managers, have crossed a 3% threshold of voting rights in CRH Plc. This indicates a significant change in major shareholding.

Baillie Gifford & Co is an investment management firm. They are reporting this because regulations require entities to notify issuers and regulators when their ownership of voting rights in a company crosses certain thresholds, such as 3%.

This filing indicates that a threshold of voting rights has been crossed due to an acquisition or disposal. However, it does not specify whether this crossing was due to an increase (acquisition) or decrease (disposal) in holdings. Further information would be needed to determine the exact transaction.

According to the filing, the total number of voting rights of the issuer (CRH) is 784,816,774.