8-K

CRH PUBLIC LTD CO 8-K Report (Mar 15, 2004)

Filed March 15, 2004For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to provide an update regarding its 2003 Final Dividend Scrip Alternative. This filing is crucial for investors as it details the pricing and share entitlement for shareholders who opt for the scrip dividend instead of a cash payout. The key information revolves around the price of a new CRH share and the ratio of new shares to existing shares held, with slight variations depending on whether dividend withholding tax applies. This scrip dividend option allows shareholders to receive shares in lieu of cash, which can have implications for their investment strategy and tax position. The filing provides specific figures for the share price and the number of shares required for entitlement, enabling investors to make informed decisions about participating in the scrip dividend. It is important for investors to consult the details provided to understand the financial implications and potential benefits or drawbacks of this dividend alternative.

Key Highlights

  • 1CRH plc announced the pricing for its 2003 Final Dividend Scrip Alternative.
  • 2The price of a new CRH share for the scrip dividend is set at EUR16.91.
  • 3Shareholders are entitled to one new share for every 106.218593 shares held if dividend withholding tax applies.
  • 4Shareholders are entitled to one new share for every 84.974874 shares held if dividend withholding tax does not apply.
  • 5This filing is made under Form 6-K, indicating CRH is a foreign issuer reporting information.
  • 6The document provides contact information for enquiries, specifically Neil Colgan, Assistant Company Secretary.

Frequently Asked Questions

The scrip dividend alternative allows CRH shareholders to receive new CRH ordinary shares instead of a cash payment for the 2003 final dividend. The new shares are priced at EUR16.91 each.

The number of new shares you receive depends on whether dividend withholding tax applies to your situation. If it applies, you will receive one new share for every 106.218593 shares you hold. If it does not apply, you will receive one new share for every 84.974874 shares you hold.

The EUR16.91 represents the price at which new CRH shares will be issued to shareholders who choose the scrip dividend. This price is used to calculate the number of new shares issued based on the value of the cash dividend foregone.

CRH is filing a Form 6-K because it is a foreign issuer and this report is used to furnish information to the Securities and Exchange Commission (SEC) that it has made or will make public pursuant to the laws of its home country, in this case, Ireland. It's a common filing for non-US companies listed on US exchanges to provide updates to the SEC.