8-K

CRH PUBLIC LTD CO 8-K Report (Mar 31, 2016)

Filed March 31, 2016For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on March 31, 2016, detailing its scrip dividend offer for the final dividend of 44.0 cent per share for the year ended December 31, 2015. This filing informs shareholders about their option to receive new CRH shares instead of cash, which can help them increase their stake in the company without incurring dealing costs or stamp duty. The offer is subject to shareholder approval at the Annual General Meeting on April 28, 2016, and the dividend payment date is set for May 6, 2016. The scrip dividend offer allows shareholders to receive new shares at a price of €24.69 per share. The entitlement ratio varies depending on whether dividend withholding tax applies. This initiative is a way for CRH to manage its cash reserves while providing a tax-efficient method for shareholders to reinvest in the company and potentially benefit from future growth. The company also announced that its Annual Report for 2015 has been published and is available on its website.

Key Highlights

  • 1CRH is offering shareholders the option to receive its final dividend for 2015 as new CRH shares (scrip dividend) instead of cash.
  • 2The final dividend is 44.0 cent per ordinary share, payable on May 6, 2016.
  • 3New shares are offered at a price of €24.69 each.
  • 4Shareholders can increase their holdings without incurring dealing costs or stamp duty by opting for the scrip dividend.
  • 5The scrip dividend offer is subject to the approval of the dividend at the Annual General Meeting on April 28, 2016.
  • 6The company has published its Annual Report for 2015, available on the CRH website.

Frequently Asked Questions

A scrip dividend offer allows shareholders to choose between receiving their dividend payment in cash or in the form of additional shares (new shares) in the company. CRH is offering this to enable shareholders to increase their investment in the company without the usual transaction costs and to allow CRH to manage its cash flow effectively.

The final dividend is 44.0 cent per ordinary share. The price for each new share under the scrip offer is €24.69. This price is based on the average share price over three business days commencing March 10, 2016.

The allocation depends on whether dividend withholding tax applies. For shareholders where withholding tax applies, the entitlement is one new share for every 70.142045 ordinary shares held. For shareholders where withholding tax does not apply, it's one new share for every 56.113636 ordinary shares held.

The deadline for receiving completed Election and Mandate Forms or notices of revocation is 12 noon on April 20, 2016. This is also the deadline for shareholders to submit exemption forms for dividend withholding tax.