8-K

CRH PUBLIC LTD CO 8-K Report (May 2, 2012)

Filed May 2, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K report to announce details regarding its 2011 final dividend. A significant portion of its ordinary shareholders, specifically 36.84%, opted to receive new ordinary shares as a scrip alternative instead of a cash payment for their dividend. This decision will result in the allotment of 2,653,368 new ordinary shares. These newly issued shares are expected to be admitted to the Official Lists of the UK Listing Authority and the Irish Stock Exchange, as well as commence trading on the London Stock Exchange and the Irish Stock Exchange's Main Securities Market on May 14, 2012. This scrip dividend option allows CRH to retain cash within the company, which can be beneficial for liquidity and reinvestment, while shareholders receive additional equity.

Key Highlights

  • 136.84% of CRH ordinary shareholders elected to receive shares instead of cash for the 2011 final dividend.
  • 2A total of 2,653,368 new ordinary shares of €0.32 each will be allotted.
  • 3The scrip dividend scheme allows shareholders to increase their stake in CRH.
  • 4Application will be made for the new shares to be listed on the UK Listing Authority and the Irish Stock Exchange.
  • 5Trading of the new shares is expected to begin on May 14, 2012, on both the London Stock Exchange and the Irish Stock Exchange.
  • 6The company retains cash by offering the scrip dividend alternative.

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 payment. This allows the company to conserve cash and shareholders to increase their ownership.

CRH will issue a total of 2,653,368 new ordinary shares as part of the scrip dividend.

Dealing in the new ordinary shares is expected to commence on Monday, May 14, 2012.

Shareholders might choose shares over cash for several reasons, such as believing the company's stock will appreciate, wanting to increase their investment in CRH without additional personal funds, or for potential tax advantages depending on their jurisdiction.