8-K

CRH PUBLIC LTD CO 8-K Report (Apr 26, 2022)

Filed April 26, 2022For Securities:CRH

Summary

This Form 6-K filing from CRH Public Limited Company (CRH) reports a significant change in major shareholdings. On April 25, 2022, it was notified that BlackRock, Inc. crossed an 8% threshold of voting rights in CRH. This notification is a standard disclosure requirement triggered by changes in significant ownership levels. Investors should note that BlackRock, Inc. is a major institutional investor. The increase in their total holdings to 8.19% (7.99% directly attached to shares and 0.19% through financial instruments) indicates a strengthening of their position in CRH. This filing does not provide details on the specific reasons for BlackRock's acquisition or disposal of shares, but it represents a material update regarding the company's shareholder composition.

Key Highlights

  • 1BlackRock, Inc. has crossed the 8% threshold for voting rights in CRH.
  • 2The total holding by BlackRock, Inc. now stands at 8.19% of CRH's voting rights.
  • 3This increase comprises 7.99% of voting rights attached to shares and 0.19% through financial instruments.
  • 4The date the threshold was crossed was April 22, 2022.
  • 5The notification was made by CRH on April 25, 2022.
  • 6The filing details the full chain of controlled undertakings through which BlackRock, Inc. effectively holds these interests.

Frequently Asked Questions

The main purpose of this filing is to formally notify CRH Public Limited Company and relevant regulatory bodies, such as the Central Bank of Ireland, that BlackRock, Inc. has acquired a significant holding in CRH, crossing a previously held threshold.

Crossing the 8% threshold means that BlackRock, Inc.'s total voting rights in CRH, calculated as a percentage of all outstanding voting rights, has surpassed 8%. This triggers a mandatory disclosure requirement under securities regulations to inform the company and the market about their increased stake.

This filing solely reports the change in ownership percentage. It does not provide specific details or insights into BlackRock, Inc.'s investment strategy, whether they intend to increase their stake further, influence company management, or any other specific intentions. It is a factual disclosure of holdings.

'Voting rights attached to shares' represent direct ownership of CRH shares that carry voting power. 'Voting rights through financial instruments' refer to rights to acquire or control voting rights via derivative contracts or other financial products that have a similar economic effect, even if direct share ownership hasn't occurred yet or is through a separate mechanism.