8-K

CRH PUBLIC LTD CO 8-K Report (Sep 15, 2003)

Filed September 15, 2003For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on September 15, 2003, to announce the pricing and terms of its 2003 Interim Dividend Scrip Alternative. This alternative allows shareholders to receive new CRH shares instead of a cash dividend. The announcement provides crucial details for investors considering this option, including the price per new share and the number of existing shares required to receive one new share, with variations based on dividend withholding tax applicability. For investors, the key takeaway is the specific value proposition of the scrip dividend. The price of a new share was set at EUR 16.22. This information is vital for shareholders to assess whether electing the scrip alternative is financially advantageous compared to receiving the cash dividend, considering their individual tax situations and the market value of CRH shares. The filing details the conversion ratios, ensuring clarity on how many shares are needed to obtain a new share.

Key Highlights

  • 1CRH announced the price for its 2003 Interim Dividend Scrip Alternative at EUR 16.22 per New Share.
  • 2Shareholders can elect to receive new CRH shares instead of a cash dividend payment.
  • 3The entitlement for the scrip alternative varies based on dividend withholding tax.
  • 4For shares subject to withholding tax, one New Share is issued for every 247.256098 shares held.
  • 5For shares not subject to withholding tax, one New Share is issued for every 197.804878 shares held.
  • 6The filing was made on September 15, 2003, effective from the event date of September 14, 2003.
  • 7The report confirms CRH files its annual reports under Form 20-F.

Frequently Asked Questions

The 2003 Interim Dividend Scrip Alternative is an option offered by CRH to its shareholders, allowing them to choose to receive new CRH ordinary shares instead of a cash payment for their interim dividend.

The price for each new share issued under the 2003 Interim Dividend Scrip Alternative has been set at EUR 16.22.

The number of existing shares required depends on whether dividend withholding tax applies to your situation. If withholding tax applies, you need 247.256098 shares to receive one new share. If withholding tax does not apply, you need 197.804878 shares to receive one new share.

Dividend withholding tax affects the number of existing shares you need to hold to receive a new share under the scrip alternative. A higher number of shares are required if withholding tax applies, meaning the effective value per share received through the scrip is adjusted based on tax treatment.