8-K

CRH PUBLIC LTD CO 8-K Report (Aug 28, 2012)

Filed August 28, 2012For Securities:CRH

Summary

CRH Public Limited Company (CRH) has filed a Form 6-K to announce details regarding its 2012 Interim Dividend Scrip Alternative. This filing provides investors with crucial information about how they can elect to receive new shares in CRH instead of a cash dividend for the interim dividend payment. The primary focus for investors is the "Scrip Alternative" mechanism, which allows for dividend reinvestment through the issuance of new shares at a determined price.

Key Highlights

  • 1CRH announced the price for its 2012 Interim Dividend Scrip Alternative will be €14.27 per new share.
  • 2The scrip alternative allows shareholders to elect to receive new CRH shares instead of a cash dividend.
  • 3The entitlement ratio for new shares varies based on whether dividend withholding tax applies.
  • 4For shares where dividend withholding tax applies, the entitlement is one new share for every 96.418919 shares held.
  • 5For shares where dividend withholding tax does not apply, the entitlement is one new share for every 77.135135 shares held.
  • 6The filing is a Form 6-K, which is a report of a foreign private issuer.

Frequently Asked Questions

The Scrip Alternative allows CRH shareholders to choose to receive new CRH ordinary shares instead of receiving a cash payment for their interim dividend. This is essentially a dividend reinvestment program where the dividend is used to purchase new shares.

The price for each new share issued under the 2012 Interim Dividend Scrip Alternative is set at €14.27.

The number of new shares you receive depends on whether dividend withholding tax applies to your dividend. If tax applies, you will receive one new share for every 96.418919 shares you hold. If tax does not apply, you will receive one new share for every 77.135135 shares you hold.

The different entitlement ratios are used to account for the impact of dividend withholding tax. The company adjusts the share issuance to ensure that the value received by shareholders, whether in cash or shares, is equitable, taking into account any tax deductions.