Summary
CRH Public Limited Company (CRH) filed a Form 6-K on August 30, 2011, to announce details regarding its 2011 Interim Dividend Scrip Alternative. This filing provides investors with the crucial pricing information for electing to receive new CRH shares instead of a cash dividend. The scrip alternative allows shareholders to increase their holdings in the company by reinvesting their dividend entitlement into new ordinary shares.
Key Highlights
- 1Announcement of the 2011 Interim Dividend Scrip Alternative.
- 2The price for a New Share under the scrip alternative is set at €11.50.
- 3Shareholders can receive one New Share for every 77.702703 shares held if dividend withholding tax applies.
- 4Shareholders can receive one New Share for every 62.162162 shares held if dividend withholding tax does not apply.
- 5This offers an opportunity for shareholders to increase their stake in CRH by reinvesting dividends.
- 6Filed as a Form 6-K, indicating it's a report from a foreign private issuer.
Frequently Asked Questions
The 2011 Interim Dividend Scrip Alternative is a program offered by CRH plc that allows shareholders to choose to receive new ordinary shares of the company, valued at €11.50 per share, instead of receiving a cash payment for their interim dividend.
The number of new shares you receive depends on whether dividend withholding tax applies to your dividend. If it applies, you will receive one new share for every 77.702703 shares held. If it does not apply, you will receive one new share for every 62.162162 shares held.
The price for each new ordinary share issued under the 2011 Interim Dividend Scrip Alternative is €11.50.
This filing primarily affects shareholders who choose to participate in the scrip alternative. By electing to receive new shares, your total shareholding in CRH plc will increase.