UNITED STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington, DC
20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13A - 16 OR 15D - 16 OF
THE SECURITIES EXCHANGE ACT OF 1934
26 April 2018
Commission
File No. 001-32846
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CRH
public limited company
(Translation of registrant's name into English)
____________________________
Belgard Castle, Clondalkin,
Dublin 22, Ireland.
(Address of principal executive offices)
____________________________
Indicate
by check mark whether the registrant files or will file annual
reports
under
cover of Form 20-F or Form 40-F:
Form
20-F X Form
40-F___
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation
S-T Rule 101(b)(1):_________
Indicate
by check mark if the registrant is submitting the Form 6-K in paper
as permitted by
Regulation
S-T Rule 101(b)(7):________
Enclosure:
Result of AGM
26th
April 2018
CRH
plc
Annual General Meeting held on Thursday, 26th April
2018
All
Resolutions proposed at the Annual General Meeting (the "AGM") of
the Company held earlier today, 26th April 2018, were
duly passed. Each of the resolutions was voted on by way of a
poll and the
results are available on the Company's website, www.crh.com.
The
Board acknowledges that 39.69% of shareholders voted against the
resolution to approve the 2017 Annual Report on Remuneration at the
2018 AGM.
Prior
to the AGM, the Remuneration Committee consulted extensively with
shareholders on its remuneration proposals for 2018 and, in
particular, a proposed increase to the Finance Director's salary.
During the consultation, most shareholders accepted the Committee's
rationale for the increase to the Finance Director's salary and
were supportive of the decision. However, some wanted a lower
increase, others expressed a preference for part of the increase to
be delivered through long-term incentives, and some wanted to see
increased executive shareholding requirements.
Taking
this feedback into account, the Committee decided to modify its
original proposals to provide a lower salary increase and instead
provide part of the originally intended increase through the
Performance Share Plan to further strengthen shareholder alignment.
The Finance Director's minimum shareholding guideline was also
doubled to two times salary. The Committee believes the revised
package represents a fair and balanced proposal taking into account
the Company's best interests and the feedback received from
shareholders. It is also in keeping with our approach of
commencing executives on below-market packages and increasing
remuneration over time to market levels, based on performance in
the role. During the consultation, a number of shareholders also
queried the mix of performance metrics in the Performance Share
Plan. The Committee intends to review this area again later this
year.
It is
the Committee's intention to further engage with shareholders in
the following weeks to further understand shareholder views,
focussing on those with whom the Committee did not have an
opportunity to engage during the initial consultation. A
consultation on the Group's Remuneration Policy will also be
undertaken later this year, in advance of a new Policy being put to
shareholders in 2019.
Special Business considered at AGM
For the
purposes of Listing Rule 9.6.3, the resolutions approved by
shareholders included the following items of special
business:
Resolution 12:
"That
the Directors be and they are hereby authorised, pursuant to
Article 137(b) of the Articles of Association of the Company (in
its current form or as amended by Resolution 13), to exercise the
powers contained in the said Article so that the Directors may
offer to the shareholders the right to elect to receive an
allotment of additional shares credited as fully paid instead of
cash in respect of all or part of any dividend or dividends falling
to be declared or paid by the Company. Unless renewed at the Annual
General Meeting in 2019, this authority shall expire at the close
of business on 25 July 2019."
Resolution 13:
"That
the Articles of Association of the Company be and are hereby
amended by deleting Article 137(b)(ii) and replacing it with the
following new Article 137(b)(ii):
(ii)
The basis of allotment shall be determined by the Directors so that
the value of the additional Ordinary Shares shall be calculated by
either: (a) reference to the average price of the Ordinary Shares
where the "average price" of an Ordinary Share shall be the average
of the daily high and daily low share prices as derived from the
information published in the Irish Stock Exchange Daily Official
List (if the Directors resolve that the issue price of the shares
is to be denominated in euro) or the Daily Official List of the
London Stock Exchange (if the Directors resolve that the issue
price of the shares is to be denominated in Sterling (GB) pence)
reporting the business done on each of the first three business
days on which the Ordinary Shares are quoted "ex" the relevant
dividend; or (b) in such manner as the Directors may determine on
such basis as they may determine to be fair and
reasonable."
Enquiries:
Contact
Neil
Colgan
Company
Secretary
Ph.:
+353 1 6344 340
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf
by the undersigned, thereunto duly authorized.
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CRH public limited company
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(Registrant)
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Date
26 April 2018
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By:___/s/Neil
Colgan___
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N.Colgan
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Company Secretary
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