8-K

CRH PUBLIC LTD CO 8-K Report (Mar 16, 2021)

Filed March 16, 2021For Securities:CRH

Summary

This 8-K filing from CRH Public Limited Company (CRH) primarily serves as a notification of a significant change in major holdings by BlackRock, Inc. On March 15, 2021, BlackRock, Inc.'s aggregate voting rights and financial instruments in CRH fell below the 7% threshold. This notification is important for investors as it indicates a reduction in a substantial institutional investor's stake, although the exact reasons for the disposal are not specified. The filing details that BlackRock, Inc.'s total position, including voting rights attached to shares and those through financial instruments, decreased from 7.52% to 7.36%. Specifically, the voting rights attached to shares dropped from 7.11% to 6.99%, crossing below the 7% notification threshold. The holding through financial instruments also saw a slight decrease. The report outlines the extensive chain of controlled entities through which BlackRock, Inc. holds these interests.

Key Highlights

  • 1BlackRock, Inc.'s total holdings in CRH (voting rights and financial instruments) fell below 7%, reaching 7.36% as of March 15, 2021.
  • 2Voting rights attached to shares held by BlackRock, Inc. decreased to 6.99%, crossing below the 7% notification threshold.
  • 3The previous notification showed BlackRock, Inc.'s total holdings at 7.52% (7.11% voting rights on shares, 0.41% via financial instruments).
  • 4The notification event date was March 15, 2021, and CRH was notified on March 16, 2021.
  • 5The filing includes a detailed chain of controlled undertakings through which BlackRock, Inc. effectively holds its interests in CRH.
  • 6The reason for the notification is stated as an acquisition or disposal of voting rights.
  • 7The total number of voting rights of the issuer (CRH) is approximately 784,579,169.

Frequently Asked Questions

This 8-K filing is primarily a notification that BlackRock, Inc.'s aggregate voting rights and financial instruments in CRH have fallen below the 7% threshold. This is a regulatory requirement when a major shareholder's stake changes.

BlackRock, Inc.'s voting rights attached to shares decreased from 7.11% to 6.99%, crossing below the 7% notification threshold. Their total holdings, including financial instruments, also reduced from 7.52% to 7.36%.

No, this filing only indicates that BlackRock's total holdings have fallen below a specific notification threshold (7%). They still hold a significant stake of 7.36% in CRH, which includes both direct share ownership and holdings through financial instruments.

The detailed chain of controlled undertakings is provided to show how BlackRock, Inc. effectively holds its voting rights and financial instruments in CRH. This transparency is required by regulations to give a full picture of the group's holdings, even if individual subsidiaries do not individually cross the notification threshold.