8-K

CRH PUBLIC LTD CO 8-K Report (Apr 28, 2004)

Filed April 28, 2004For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 28, 2004, to report on its 2003 Final Scrip Dividend. A significant portion of ordinary shareholders, 34.91%, opted to receive new CRH shares instead of a cash payment for their final dividend for the fiscal year 2003. This decision resulted in the allotment of 1,887,001 ordinary shares of EUR 0.32 each. The company announced that an application would be made for the admission of these newly allotted shares 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. Trading of these new shares was expected to commence on May 10, 2004. This scrip dividend alternative is a common corporate action designed to conserve cash while providing shareholders with a way to increase their stake in the company.

Key Highlights

  • 1CRH plc is reporting on its 2003 Final Dividend Scrip Alternative.
  • 234.91% of Ordinary Shareholders elected to receive shares in lieu of cash for their final dividend.
  • 31,887,001 new Ordinary Shares of EUR 0.32 each have been allotted as a result.
  • 4Application will be made for the new shares to be admitted to the Irish Stock Exchange and the U.K. Listing Authority.
  • 5The new shares will also be admitted for trading on the London Stock Exchange.
  • 6Trading of the new shares is expected to commence on May 10, 2004.

Frequently Asked Questions

A scrip dividend is an alternative to a cash dividend where shareholders are offered the option to receive new shares in the company instead of receiving cash payments. This can help the company conserve cash while allowing shareholders to increase their ownership stake.

A total of 1,887,001 Ordinary Shares of EUR 0.32 each were allotted as part of the scrip dividend for the 2003 final dividend.

Dealing in the new shares was expected to commence on Monday, May 10, 2004.

An application was made for admission of the new shares to the Official Lists of the Irish Stock Exchange and the U.K. Listing Authority, and for trading on the London Stock Exchange.