Summary
CRH Public Limited Company (CRH) filed a Form 6-K on May 2, 2014, to report details regarding its 2013 final dividend. A significant portion of its ordinary shareholders, specifically 36.96%, opted to receive new ordinary shares instead of a cash payment through the company's Scrip Dividend Scheme. This decision by shareholders has resulted in the allotment of 4,081,636 new ordinary shares. CRH has announced that an application will be made to list these new shares on the Official Lists of the UK Listing Authority and the Irish Stock Exchange, as well as for trading on the London Stock Exchange and the Irish Stock Exchange's Main Securities Market. Trading of these new shares is anticipated to commence on May 12, 2014.
Key Highlights
- 1CRH plc announced details of its 2013 final dividend payment, due May 12, 2014.
- 236.96% of ordinary shareholders elected to receive shares in lieu of cash dividend.
- 3A total of 4,081,636 new ordinary shares (€0.32 nominal value each) have been allotted under the Scrip Dividend Scheme.
- 4Applications will be made for the new shares to be admitted to the Official Lists of the UK Listing Authority and the Irish Stock Exchange.
- 5The new shares will also be admitted for trading on the London Stock Exchange and the Irish Stock Exchange's Main Securities Market.
- 6Dealing in the new shares is expected to begin on Monday, May 12, 2014.
Frequently Asked Questions
The main purpose of this Form 6-K filing is to inform investors about the outcome of CRH plc's 2013 final dividend, specifically detailing how many shareholders chose the scrip dividend alternative (receiving shares instead of cash) and the subsequent allotment of new shares.
36.96% of CRH plc's ordinary shareholders elected to receive shares in lieu of cash for all or part of their 2013 final dividend.
A total of 4,081,636 new ordinary shares of €0.32 each were allotted under the Scrip Dividend Scheme.
Dealing in the newly allotted ordinary shares is expected to commence on Monday, May 12, 2014.