8-K

CRH PUBLIC LTD CO 8-K Report (Apr 10, 2007)

Filed April 10, 2007For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on April 9, 2007, reporting on two key areas for its shareholders. Firstly, it provided documentation and a proxy form for the upcoming Annual General Meeting (AGM) scheduled for May 9, 2007. This includes information on resolutions to be voted upon, such as the consideration of financial statements, dividend declaration, director re-elections, auditor remuneration, and authorities for share purchases and re-issues. Secondly, and of significant interest to investors, CRH announced a Scrip Dividend Offer for its final dividend of 38.50 cents per share, payable on May 14, 2007. This offer allows shareholders to elect to receive new CRH shares instead of cash, providing an opportunity to increase their investment without incurring dealing costs. The scrip offer is based on a price of €29.92 per new share, with specific entitlements calculated based on dividend withholding tax applicability. The filing outlines the terms, conditions, and the timetable for shareholders to make their election.

Key Highlights

  • 1CRH announced its Annual General Meeting (AGM) will be held on May 9, 2007, to vote on various resolutions including financial statements, dividend approval, director re-elections, and share authorities.
  • 2A Scrip Dividend Offer is available for the final dividend of 38.50 cents per share, allowing shareholders to receive new CRH shares instead of cash.
  • 3The price for new shares under the Scrip Dividend Offer is set at €29.92.
  • 4Shareholders can increase their stake in CRH through the scrip offer without incurring dealing costs or stamp duty.
  • 5The scrip offer is subject to the approval of the dividend at the AGM.
  • 6The filing provides a detailed timetable for the scrip dividend process, including record dates, election deadlines, and dividend payment dates.
  • 7Shareholders have until April 27, 2007, to submit their election forms for the scrip dividend.

Frequently Asked Questions

This Form 6-K filing from CRH serves two primary purposes: to provide shareholders with materials and a proxy form for the upcoming Annual General Meeting (AGM) and to announce and detail the company's Scrip Dividend Offer for its final dividend.

A Scrip Dividend Offer allows shareholders to choose to receive new CRH ordinary shares instead of a cash dividend. This benefit allows investors to increase their shareholding in the company without incurring transaction costs such as dealing fees or stamp duty, and the new shares rank pari passu with existing shares.

The price for each new share under the Scrip Dividend Offer is set at €29.92. This price is derived from the average market quotations of CRH's ordinary shares over specific business days following the ex-dividend date.

Key dates include March 16, 2007 (Record Date), April 27, 2007 (Latest date for receipt of completed Election and Mandate Forms), and May 14, 2007 (Dividend payment date and when new shares will be credited to CREST accounts).