8-K

CRH PUBLIC LTD CO 8-K Report (Mar 16, 2017)

Filed March 16, 2017For Securities:CRH

Summary

CRH Public Limited Company (CRH) filed an 8-K on March 16, 2017, to announce details regarding its 2016 Final Dividend Scrip Alternative. This filing is important for shareholders as it outlines the mechanism for reinvesting their dividends into new CRH shares. The scrip alternative provides shareholders with an opportunity to increase their stake in the company without incurring brokerage fees, potentially enhancing their long-term investment. The core of the announcement relates to the pricing and share entitlement for the scrip dividend. Investors should pay close attention to the conversion ratio, which differs based on whether dividend withholding tax applies, as this will affect the number of new shares received for a given dividend amount. The company has also provided a clear timeline for when shareholders will receive the necessary documentation to make their election.

Key Highlights

  • 1CRH announced the share price for its 2016 Final Dividend Scrip Alternative: €33.08 per new share.
  • 2The scrip alternative allows shareholders to reinvest their dividends into new CRH ordinary shares.
  • 3The entitlement ratio for new shares varies depending on the applicability of dividend withholding tax.
  • 4Shareholders will receive one new share for every 89.502165 shares held where withholding tax applies.
  • 5Shareholders will receive one new share for every 71.601732 shares held where withholding tax does not apply.
  • 6Scrip Election and Mandate forms or Notices of Entitlement will be mailed to shareholders on March 29, 2017.
  • 7This filing is a Form 6-K, reporting information made available to all shareholders.

Frequently Asked Questions

The 2016 Final Dividend Scrip Alternative allows CRH shareholders to elect to receive new ordinary shares in CRH instead of a cash dividend payment for the 2016 final dividend. This can be a way for investors to increase their shareholding.

The number of new shares you are entitled to receive for your dividend depends on whether dividend withholding tax applies to your dividend. If withholding tax applies, you receive fewer new shares for the same dividend amount compared to when it does not apply.

Shareholders will receive their Scrip Election and Mandate forms or Notices of Entitlement by mail on March 29, 2017.

The price for a new CRH ordinary share under the 2016 Final Dividend Scrip Alternative is €33.08.