8-K

CRH PUBLIC LTD CO 8-K Report (Nov 9, 2011)

Filed November 9, 2011For Securities:CRH

Summary

CRH Public Limited Company (CRH) has announced a significant change in its listing status on the Irish Stock Exchange (ISE). Effective December 6, 2011, CRH's Ordinary shares will transition from a primary listing to a secondary listing on the ISE's main market. This move is expected to make CRH eligible for inclusion in the FTSE 100 Index, enhancing its attractiveness to a broader international investor base. The company is also switching the trading currency for its Ordinary shares on the London Stock Exchange from Euros to Sterling (GBP) pence, effective November 9, 2011, while continuing to trade in Euros in Dublin. Importantly, this reclassification will not impact CRH's existing premium listing on the UK Listing Authority's Official List, its listing on the New York Stock Exchange for its American Depositary Shares, or the trading of its Ordinary shares on the London Stock Exchange. Dividend payments, timing, and currency election procedures will remain unchanged. CRH will continue to be headquartered, incorporated, and tax resident in Ireland, adhering to the highest standards of corporate governance across Irish, UK, and US regimes. This strategic move is driven by the significant growth in CRH's international operations and the increasing proportion of shares held by overseas investors, with the majority of trading now occurring on the London Stock Exchange.

Key Highlights

  • 1CRH is reclassifying its Ordinary shares on the Irish Stock Exchange (ISE) from a primary to a secondary listing, effective December 6, 2011.
  • 2This reclassification is expected to make CRH eligible for inclusion in the FTSE 100 Index.
  • 3Trading of CRH's Ordinary shares on the London Stock Exchange (LSE) will switch from Euros to Sterling (GBP) pence, effective November 9, 2011.
  • 4The company will maintain its premium listing on the UK Listing Authority's Official List and its listing of American Depositary Shares on the New York Stock Exchange.
  • 5There will be no change to dividend payments, timing, or currency election procedures for shareholders.
  • 6CRH will continue to be headquartered, incorporated, and tax resident in Ireland.
  • 7The changes are intended to increase the Group's attractiveness to a wider international investor base.

Frequently Asked Questions

The primary reason is to enhance CRH's attractiveness to a wider international investor base and to increase its eligibility for inclusion in the FTSE 100 Index, reflecting the growth in its international operations and the shift in trading volume towards the London Stock Exchange.

No, the reclassification will not impact the amount or timing of any dividend payments. CRH will continue to offer a scrip dividend alternative, and dividends will remain declared in Euros.

Yes, CRH will continue to be headquartered, incorporated, and tax resident in Ireland. The company will also continue to adhere to high standards of corporate governance as required by Irish, UK, and US regulations.

Starting November 9, 2011, CRH's Ordinary shares on the LSE will trade in Sterling (GBP) pence instead of Euros. CRH's Ordinary shares will continue to trade in Euros on the ISE. This change is a condition for potential inclusion in the FTSE UK Index Series.