8-K

CRH PUBLIC LTD CO 8-K Report (Mar 31, 2015)

Filed March 31, 2015For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on March 31, 2015, to announce its scrip dividend offer for the final dividend of 44.0 cent per share for the year ended December 31, 2014. Shareholders have the option to receive new ordinary shares instead of cash, which can allow them to increase their investment in CRH without incurring dealing costs or stamp duty. The offer is made under CRH's Scrip Dividend Scheme, and detailed terms and conditions, including tax implications, are available on the company's website. The annual report for 2014 has also been published. This filing is significant for investors as it provides an opportunity to reinvest dividends directly back into the company, potentially enhancing their stake. The share price for the new shares is set at €24.60, with specific ratios provided for calculating the number of new shares to be received based on dividend withholding tax applicability. The company has also outlined a clear timetable of events related to the dividend, the scrip offer, and the annual general meeting, ensuring transparency for shareholders.

Key Highlights

  • 1CRH offers a scrip dividend option for its final 2014 dividend of 44.0 cent per share.
  • 2Shareholders can choose to receive new ordinary shares instead of cash to increase their holdings without transaction costs.
  • 3The price for new shares in the scrip offer is set at €24.60 per share.
  • 4The scrip offer is subject to shareholder approval at the Annual General Meeting on May 7, 2015.
  • 5The company has provided specific ratios for converting the cash dividend entitlement into new shares, considering dividend withholding tax.
  • 6New shares issued will rank pari passu with existing ordinary shares and be eligible for future dividends.
  • 7The deadline for shareholders to elect for the scrip dividend or revoke a mandate is April 24, 2015.

Frequently Asked Questions

A scrip dividend offer allows shareholders to choose between receiving their dividend payment in cash or as additional shares in the company. CRH is offering shareholders the option to receive new ordinary shares instead of cash for its final 2014 dividend.

The final dividend is 44.0 cent per ordinary share. The price at which new ordinary shares will be issued under the scrip offer is €24.60 per share. The number of new shares a shareholder receives depends on their total dividend entitlement and whether dividend withholding tax applies.

The primary benefit for shareholders is the opportunity to increase their investment in CRH without incurring additional dealing costs or stamp duty, as they are receiving shares directly in lieu of cash.

Shareholders must submit their completed Election and Mandate Forms or notices of revocation to Capita Asset Services by 12 noon on April 24, 2015.