8-K

CRH PUBLIC LTD CO 8-K Report (Sep 4, 2013)

Filed September 4, 2013For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 3, 2013, to announce details regarding its 2013 Interim Dividend Scrip Alternative. This filing is important for shareholders as it outlines the terms by which they can elect to receive new shares in CRH instead of a cash dividend payment. The scrip alternative offers shareholders an opportunity to increase their stake in the company without incurring immediate transaction costs associated with purchasing shares in the open market. The key information provided is the price at which new shares will be issued under the scrip alternative, which is set at €15.79 per share. The filing also specifies the ratio of shares required to receive one new share, differentiating between holdings where dividend withholding tax applies and those where it does not. This allows shareholders to calculate the exact number of new shares they would receive if they opt for this dividend reinvestment method.

Key Highlights

  • 1CRH announced the terms of its 2013 Interim Dividend Scrip Alternative.
  • 2Shareholders have the option to receive new CRH shares instead of a cash dividend.
  • 3The price for new shares under the scrip alternative is set at €15.79.
  • 4The entitlement ratio for new shares varies based on dividend withholding tax applicability.
  • 5For holdings subject to dividend withholding tax, the entitlement is one new share for every 106.689189 shares.
  • 6For holdings not subject to dividend withholding tax, the entitlement is one new share for every 85.351351 shares.
  • 7This offers shareholders a method to reinvest dividends and potentially increase their ownership in CRH.

Frequently Asked Questions

The 2013 Interim Dividend Scrip Alternative is an offer by CRH plc to its shareholders, allowing them to choose to receive new ordinary shares in the company as a dividend payment, rather than receiving cash.

The price for each new share issued under the 2013 Interim Dividend Scrip Alternative is €15.79.

The number of existing shares required depends on whether dividend withholding tax applies to your dividend. If dividend withholding tax applies, you need 106.689189 shares to receive one new share. If dividend withholding tax does not apply, you need 85.351351 shares to receive one new share.

Shareholders might choose the scrip alternative to increase their holding in CRH plc without incurring additional transaction costs for buying shares. It's a form of dividend reinvestment that can compound an investor's stake in the company over time.