Summary
CRH Public Limited Company (CRH) filed a Form 6-K on March 19, 2008, to announce details regarding its 2007 final dividend scrip alternative. This filing provides investors with the pricing and share entitlement ratios for those shareholders opting to reinvest their dividend into new CRH shares. The scrip alternative allows shareholders to increase their stake in the company by converting their cash dividend into additional shares, potentially at a favorable price. The key piece of information for investors is the determined price per new share and the specific ratios for receiving these shares. These details are crucial for shareholders to assess the financial implications and make informed decisions about their dividend payout option. The filing specifies the price for a new share and outlines the number of existing shares required to receive one new share, with variations based on whether dividend withholding tax applies.
Key Highlights
- 1CRH plc announced the price for its 2007 Final Dividend Scrip Alternative.
- 2The price of a New Share for the scrip option is set at EUR24.15.
- 3Shareholders can receive one New Share for every 62.890625 shares held if dividend withholding tax applies.
- 4Shareholders can receive one New Share for every 50.3125 shares held if dividend withholding tax does not apply.
- 5This announcement relates to the CRH plc 2007 Final Dividend.
- 6The filing is a Report of Foreign Issuer (Form 6-K) filed with the SEC.
- 7M. Lee, Finance Director, signed the report on behalf of CRH.