8-K

CRH PUBLIC LTD CO 8-K Report (Sep 26, 2016)

Filed September 26, 2016For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K report on September 26, 2016, to announce a scrip dividend alternative for its interim dividend. This offering allows shareholders to elect to receive new ordinary shares in CRH instead of a cash payment for the interim dividend of 18.8 cent per share, payable on November 4, 2016. The scrip dividend provides an opportunity for shareholders to increase their investment in CRH without incurring additional dealing costs or stamp duty. The election to receive new shares is based on a price of €29.41 per new share. The company has detailed the specific ratios for share entitlement based on whether dividend withholding tax (DWT) applies. Shareholders are advised to carefully review the terms and conditions of the Scrip Dividend Scheme, particularly regarding tax implications and the process for making their election.

Key Highlights

  • 1CRH is offering shareholders a scrip dividend alternative for its interim dividend of 18.8 cent per share, payable on November 4, 2016.
  • 2Shareholders can choose to receive new ordinary shares in CRH instead of cash.
  • 3The price for new shares under the scrip offer is €29.41.
  • 4Entitlement ratios for new shares vary based on the applicability of dividend withholding tax (DWT).
  • 5The scrip dividend allows shareholders to increase their stake in CRH without incurring dealing costs or stamp duty.
  • 6Fractions of new shares will be rounded up to the nearest whole share.
  • 7The deadline for shareholders to submit their election forms or revoke mandates is October 20, 2016.

Frequently Asked Questions

A scrip dividend is an offer to shareholders to receive new shares in the company instead of a cash dividend. It's a way for shareholders to increase their holdings without paying brokerage fees or stamp duty, and for the company to retain cash for its operations or investments.

The interim dividend is 18.8 cent per ordinary share. The price at which new shares will be issued under the scrip offer is €29.41 per share.

Shareholders need to complete and return the Election and Mandate Form or Notice of Entitlement provided by CRH. The form allows shareholders to choose to receive their maximum entitlement of new shares, a partial amount, or to set up a mandate for future scrip dividend offers. The deadline for submission is October 20, 2016.

Yes, there are potential tax implications, including dividend withholding tax (DWT) for Irish resident companies. Shareholders are strongly advised to consult the 'Terms and Conditions' document provided with the filing, specifically Section 3 regarding tax consequences, and to seek advice from their own tax advisor.