8-K

CRH PUBLIC LTD CO 8-K Report (Mar 16, 2011)

Filed March 16, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed an 8-K report detailing the "2010 Final Dividend Scrip Alternative." This filing provides crucial information for shareholders regarding the upcoming dividend distribution for the fiscal year 2010. The primary focus is on the option for shareholders to receive new CRH shares instead of a cash dividend, a mechanism known as a scrip dividend. Investors should note the specific terms of this scrip alternative, including the share price for new shares and the calculation basis for entitlement, which varies depending on whether dividend withholding tax applies. This option can impact share dilution, shareholder equity, and the cash position of the company, making it an important consideration for those evaluating their investment in CRH.

Key Highlights

  • 1CRH plc is offering a Scrip Alternative for its 2010 Final Dividend.
  • 2Shareholders can elect to receive new CRH shares instead of a cash dividend.
  • 3The price for new shares under the scrip alternative is set at €15.35.
  • 4The entitlement ratio for new shares differs based on whether dividend withholding tax applies.
  • 5For shareholders where tax applies, the entitlement is one new share for every 43.607955 shares held.
  • 6For shareholders where tax does not apply, the entitlement is one new share for every 34.886364 shares held.
  • 7The filing was made on March 15, 2011, with an event date of March 14, 2011.

Frequently Asked Questions

The 2010 Final Dividend Scrip Alternative is an option offered by CRH plc to its shareholders. Instead of receiving their final dividend for 2010 in cash, shareholders can choose to receive newly issued shares of CRH plc.

The price for each new share issued under the scrip alternative is €15.35.

The number of new shares you are entitled to depends on whether dividend withholding tax applies to your dividend. If it applies, you receive one new share for every 43.607955 shares you hold. If it does not apply, you receive one new share for every 34.886364 shares you hold.

Choosing the scrip alternative means you will not receive cash for your dividend but will instead increase your shareholding in CRH. This can impact your overall investment value, potential for future capital appreciation, and may affect tax liabilities depending on your jurisdiction. It also has implications for the company's cash reserves and share count.