Summary
CRH Public Limited Company (CRH) has filed a Form 6-K, reporting on its 2012 Final Dividend Scrip Alternative. The key information for investors is the pricing and share entitlement related to this dividend option. The company has set the price for a new ordinary share under the scrip alternative at €17.01. This scrip alternative allows shareholders to receive new shares in lieu of a cash dividend for their 2012 final dividend. The number of new shares a shareholder is entitled to depends on whether dividend withholding tax applies to their holding. This provides investors with an opportunity to increase their stake in CRH without an immediate cash outlay, potentially offering a tax-efficient way to reinvest.
Key Highlights
- 1CRH plc announced the pricing for its 2012 Final Dividend Scrip Alternative.
- 2The price for a new ordinary share under the scrip alternative is set at €17.01.
- 3Shareholders can elect to receive new CRH shares instead of a cash dividend.
- 4The share entitlement ratio varies based on dividend withholding tax applicability.
- 5For holdings where dividend withholding tax applies, the entitlement is one new share for every 48.323864 shares held.
- 6For holdings where dividend withholding tax does not apply, the entitlement is one new share for every 38.659091 shares held.
- 7This filing is made on Form 6-K and reported on March 12, 2013.
Frequently Asked Questions
The Scrip Alternative is an option offered by CRH plc to its shareholders. It allows them to choose to receive new ordinary shares in the company instead of a cash payment for their 2012 final dividend.
The price set for each new ordinary share in respect of the 2012 Final Dividend Scrip Alternative is €17.01.
The number of new shares you receive depends on whether dividend withholding tax applies to your shares. If it applies, you will receive one new share for every 48.323864 shares you hold. If dividend withholding tax does not apply, you will receive one new share for every 38.659091 shares you hold.
Investors might choose the Scrip Alternative to increase their shareholding in CRH without using additional cash, potentially reinvesting their dividend. Depending on individual tax circumstances, it might also offer tax advantages compared to receiving a cash dividend.