Summary
CRH plc (CRH) announced on November 2, 2015, details regarding its 2015 interim dividend and the company's Scrip Dividend Scheme. A significant portion of ordinary shareholders, representing 31.31%, opted to receive new ordinary shares in lieu of cash for their dividend payment. This means CRH will issue approximately 288,769 new ordinary shares of €0.32 each.
Key Highlights
- 1CRH plc is offering a Scrip Dividend Scheme for its 2015 interim dividend.
- 231.31% of CRH's Ordinary Shareholders elected to receive shares instead of cash for their dividend.
- 3A total of 288,769 new ordinary shares of €0.32 each will be allotted.
- 4These new shares will be admitted to the Official Lists of the UK Listing Authority and the Irish Stock Exchange.
- 5The new shares will also be admitted to trading on the London Stock Exchange and the Irish Stock Exchange's Main Securities Market.
- 6Trading of the new shares is expected to commence on November 6, 2015.
Frequently Asked Questions
The Scrip Dividend Scheme allows shareholders to choose to receive new ordinary shares in the company instead of a cash payment for their dividend. This can be beneficial for investors who wish to increase their stake in the company or defer immediate tax liabilities.
Shareholders may have opted for shares due to various reasons, including a belief in the company's future growth prospects, a desire to reinvest dividends into the company, or potential tax advantages associated with receiving shares rather than cash.
The issuance of new shares can lead to a dilution of existing shareholders' ownership percentage. However, this is often a common practice for companies, especially when offering a scrip dividend alternative. The dilutive effect is generally considered in proportion to the overall number of shares issued.
Dealing in the newly allotted ordinary shares is expected to commence on Friday, November 6, 2015.