8-K

CRH PUBLIC LTD CO 8-K Report (Oct 25, 2005)

Filed October 25, 2005For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on October 25, 2005, reporting on its 2005 interim dividend. A significant portion of its ordinary shareholders, 32.12%, opted to receive new ordinary shares in lieu of cash dividends under the company's Scrip Dividend Scheme. This resulted in the allotment of 182,387 new ordinary shares, each with a nominal value of EUR0.32. The company is seeking admission for these new 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. Dealing in these newly issued shares is anticipated to commence on November 4, 2005, the same date the interim dividend is payable. This announcement provides transparency regarding shareholder participation in the dividend reinvestment option and the subsequent share issuance.

Key Highlights

  • 132.12% of CRH's ordinary shareholders elected to receive shares instead of cash for the 2005 interim dividend.
  • 2A total of 182,387 new ordinary shares of EUR0.32 each have been allotted as part of the Scrip Dividend Scheme.
  • 3The interim dividend payment and the commencement of trading for the new shares are both scheduled for November 4, 2005.
  • 4CRH is applying for the new shares to be listed on the Irish Stock Exchange and the U.K. Listing Authority.
  • 5The new shares will also be available for trading on the London Stock Exchange.
  • 6The filing is made as a Form 6-K, indicating it's a report from a foreign issuer.

Frequently Asked Questions

The 32.12% election indicates a notable level of shareholder confidence and a preference for reinvesting capital back into CRH rather than taking immediate cash. This could suggest shareholders believe in the company's future growth prospects and the value of its shares.

Dealing in the new ordinary shares is expected to commence on Friday, November 4, 2005, which is also the payment date for the 2005 interim dividend.

The Scrip Dividend Scheme allows shareholders to receive new shares of the company instead of a cash dividend. For CRH, this scheme helps conserve cash, which can then be used for operational needs or future investments, while still rewarding shareholders.

Applications are being made to list the new shares on the Official Lists of the Irish Stock Exchange and the U.K. Listing Authority, and they will also be available for trading on the London Stock Exchange's market for listed securities.