8-K

CRH PUBLIC LTD CO 8-K Report (Oct 22, 2020)

Filed October 22, 2020For Securities:CRH

Summary

This Form 6-K filing from CRH PUBLIC LTD CO (CRH) reports a significant update regarding major holdings in the company. Specifically, it details that BlackRock, Inc. has crossed a notification threshold, with its total voting rights and holdings through financial instruments now exceeding 7% of the company's outstanding shares. The notification indicates an acquisition or disposal of voting rights by BlackRock, Inc., which resulted in their overall stake increasing to 7.52% (7.11% in voting rights attached to shares and 0.41% through financial instruments). This change occurred on October 21, 2020, and CRH was notified on October 22, 2020. The filing provides a detailed breakdown of BlackRock's controlled undertakings through which these voting rights and financial instruments are held, offering transparency into the structure of this significant stake.

Key Highlights

  • 1BlackRock, Inc. has crossed the 7% notification threshold for voting rights and financial instruments in CRH.
  • 2BlackRock's total position now stands at 7.52% of CRH's voting rights and financial instruments.
  • 3Specifically, 7.11% of this holding is directly in voting rights attached to shares.
  • 4The remaining 0.41% is held through financial instruments.
  • 5The change in holding occurred on October 21, 2020, with CRH notified on October 22, 2020.
  • 6The filing includes an extensive list of BlackRock's controlled entities involved in holding these interests.

Frequently Asked Questions

Crossing a notification threshold like 7% means that BlackRock, a significant institutional investor, has increased its stake or changed its holdings in CRH Public Limited Company to a level that requires public disclosure. This is important for other investors as it signals increased activity or a substantial holding by a major asset manager.

The 7.11% represents the voting rights directly attached to the shares BlackRock holds in CRH. The 0.41% represents voting rights that BlackRock may acquire or controls through various financial instruments (like derivatives), which have a similar economic effect or can be converted into shares. The total combined stake is what determines the notification threshold.

No, this filing is specifically a notification of a major holding by an institutional investor (BlackRock, Inc.). It does not relate to CRH's operational performance, management changes, or strategic decisions. It simply informs the market about the ownership structure and the extent of BlackRock's investment in CRH.

The extensive list details the full chain of controlled legal entities through which BlackRock effectively holds its voting rights and financial instruments. This is a regulatory requirement to provide transparency into the ultimate ownership structure, ensuring that the market has a complete picture of how the stake is held, even if intermediate entities do not individually cross notification thresholds.