8-K

CRH PUBLIC LTD CO 8-K Report (Sep 23, 2005)

Filed September 23, 2005For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 23, 2005, to announce details regarding its 2005 interim dividend. The primary focus of this filing is the offer to shareholders to receive new ordinary shares in lieu of cash for the interim dividend of 11.25 cent per share, payable on November 4, 2005. This scrip dividend option allows shareholders to increase their stake in CRH without incurring transaction costs, with the new shares priced at €22.92 each. The offer is structured to allow shareholders to receive new shares based on their holdings as of the Record Date (September 9, 2005). The filing provides specific ratios for share entitlement depending on whether dividend withholding tax applies. Shareholders are advised to carefully review the terms and conditions, particularly regarding tax implications and the mechanics of the scrip dividend scheme, which was previously detailed in a September 2002 booklet.

Key Highlights

  • 1CRH is offering shareholders the option to receive new ordinary shares instead of cash for its 2005 interim dividend.
  • 2The interim dividend is 11.25 cent per ordinary share, payable on November 4, 2005.
  • 3The price for new shares under the scrip dividend offer is set at €22.92 per share.
  • 4Shareholders can increase their investment in CRH without incurring dealing costs or stamp duty by opting for new shares.
  • 5The offer includes a 'Mandate Scheme' allowing shareholders to automatically receive new shares for future dividends until revoked.
  • 6The filing details the timetable for the scrip dividend offer, including record dates, election deadlines, and payment/allotment dates.
  • 7New shares issued under this offer will rank pari passu with existing ordinary shares and are eligible for future dividends.

Frequently Asked Questions

A scrip dividend is an offer made by a company to its shareholders, allowing them to receive new shares in the company instead of a cash payment for a dividend. This can be beneficial for investors who wish to increase their shareholding without incurring transaction costs.

The interim dividend is 11.25 cent per ordinary share. The price at which new ordinary shares will be issued under the scrip dividend offer is €22.92 per share.

The latest date for receipt of completed Election and Mandate Forms or notices of revocation of a mandate is 12 noon on October 20, 2005.

The entitlement to new shares is calculated based on the interim dividend amount and the set price of €22.92 per new share. The ratio depends on whether dividend withholding tax applies. For instance, where tax applies, the entitlement is one new share for every 254.666667 ordinary shares held.