8-K

CRH PUBLIC LTD CO 8-K Report (May 16, 2007)

Filed May 16, 2007For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K, reporting a scrip dividend election made by the Trustees of the CRH plc Employee Benefit Trust. This filing indicates that the Trustees opted to receive CRH ordinary shares instead of cash for the 2006 Final Dividend. Specifically, they took 289 Ordinary Shares at a price of EUR29.92 per share, in lieu of cash dividend payment for deferred shares held on behalf of executive directors under the company's performance-related incentive plan. This action relates to the dividend paid on May 14, 2007.

Key Highlights

  • 1CRH plc Employee Benefit Trust elected to receive ordinary shares instead of cash for the 2006 Final Dividend.
  • 2The Trustees acquired 289 Ordinary Shares of EUR0.32 each.
  • 3The scrip dividend was valued at EUR29.92 per Ordinary Share.
  • 4This scrip dividend was in lieu of cash for deferred shares held for executive directors under a performance-related incentive plan.
  • 5The dividend payment date was May 14, 2007.
  • 6The filing was made on May 15, 2007, as a Form 6-K.
  • 7The company confirms it files annual reports under Form 20-F.

Frequently Asked Questions

A scrip dividend is an option offered to shareholders where they can choose to receive new shares in the company instead of a cash dividend. This can be beneficial for both the company (conserving cash) and the shareholder (potentially increasing their stake in the company).

The filing suggests the Trust elected to take shares instead of cash, likely to increase its holding of CRH shares on behalf of executive directors participating in the performance-related incentive plan. This decision would have been made considering the valuation of the shares at EUR29.92.

This specific election affects the Trustees of the CRH plc Employee Benefit Trust and, indirectly, the executive directors for whom these deferred shares are held under the incentive plan. It does not appear to be a general offer to all shareholders.

The EUR29.92 per share price represents the value at which the scrip dividend was issued. This price is relevant for accounting purposes and for determining the number of shares received in lieu of the cash dividend amount.