8-K

CRH PUBLIC LTD CO 8-K Report (Sep 16, 2016)

Filed September 16, 2016For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed a Form 6-K on September 14, 2016, detailing the terms of its 2016 Interim Dividend Scrip Alternative. This filing is significant for investors as it outlines the mechanics and pricing for shareholders who choose to reinvest their interim dividend into new CRH shares. The scrip alternative offers a way for investors to increase their stake in the company without immediate cash outlay. The key information for investors is the price per new share and the entitlement ratio. The price for a new ordinary share under the scrip alternative is set at €29.41. The number of new shares an investor is entitled to receive will depend on whether dividend withholding tax applies to their holding. This provides a clear mechanism for share acquisition for those opting for the scrip dividend, potentially impacting share capital and ownership structures.

Key Highlights

  • 1CRH plc announced the pricing for its 2016 Interim Dividend Scrip Alternative.
  • 2The price for a new ordinary share under the scrip alternative is €29.41.
  • 3The entitlement ratio for new shares varies based on whether dividend withholding tax applies.
  • 4Shareholders can opt to receive new shares instead of a cash dividend, allowing for reinvestment.
  • 5The filing is a Form 6-K, indicating it's a report from a foreign private issuer.
  • 6The event date for this announcement was September 15, 2016.

Frequently Asked Questions

The 2016 Interim Dividend Scrip Alternative is a program offered by CRH plc that allows shareholders to elect to receive new CRH ordinary shares instead of a cash payment for their interim dividend.

The price for a new ordinary share in respect of the 2016 Interim Dividend Scrip Alternative is €29.41.

The number of new shares you will receive depends on the number of shares you hold and whether dividend withholding tax applies. If tax applies, the entitlement is one new share for every 195.545213 shares held. If tax does not apply, the entitlement is one new share for every 156.436170 shares held.

Investors might choose the scrip alternative to increase their shareholding in CRH without using their own cash, potentially benefiting from future growth in the share price. It's a form of automatic reinvestment.