Summary
CRH Public Limited Company (CRH) filed an 8-K report on October 29, 2003, to announce the issuance of new ordinary shares under its Scrip Dividend Scheme. The report details that approximately 29.62% of its ordinary shareholders opted to receive shares instead of cash for their 2003 interim dividend, which is payable on November 7, 2003. This scrip dividend resulted in the allotment of 306,121 ordinary shares of EUR0.32 each. CRH is proceeding with the application for these new shares to be admitted to the Official Lists of the Irish Stock Exchange and the U.K. Listing Authority, as well as for trading on the London Stock Exchange. Investors should note that dealings in these new shares are expected to commence on November 7, 2003.
Key Highlights
- 1CRH announced the issuance of 306,121 new ordinary shares of EUR0.32 each.
- 2The issuance is a result of the company's Scrip Dividend Scheme for the 2003 interim dividend.
- 329.62% of ordinary shareholders elected to receive shares in lieu of cash.
- 4The interim dividend is scheduled to be paid on November 7, 2003.
- 5Applications are being made for the new shares to be listed on the Irish Stock Exchange and the U.K. Listing Authority.
- 6Trading of the new shares on the London Stock Exchange is expected to commence on November 7, 2003.
Frequently Asked Questions
The primary purpose of this 8-K filing is to inform the U.S. Securities and Exchange Commission (SEC) about CRH's issuance of new ordinary shares as part of its Scrip Dividend Scheme for the 2003 interim dividend.
A total of 306,121 ordinary shares of EUR0.32 each were allotted. This issuance occurred because 29.62% of CRH's ordinary shareholders chose to receive these new shares as an alternative to the cash payment for their 2003 interim dividend.
The new shares are expected to commence trading on the London Stock Exchange on Friday, November 7, 2003. Applications for admission to the Official Lists of the Irish Stock Exchange and the U.K. Listing Authority are also underway.