8-K

CRH PUBLIC LTD CO 8-K Report (Mar 29, 2017)

Filed March 29, 2017For Securities:CRH

Summary

CRH Public Limited Company filed an 8-K on March 29, 2017, to report on its scrip dividend offer concerning the final dividend for the year ended December 31, 2016. Shareholders have the option to receive new ordinary shares in CRH instead of a cash dividend of 46.2 cents per share, which is scheduled for payment on May 5, 2017, subject to shareholder approval at the Annual General Meeting on April 27, 2017. This scrip dividend offer aims to allow shareholders to increase their stake in CRH without incurring additional dealing costs or stamp duty. The offer price for each new share is set at €33.08. The exchange ratio depends on whether dividend withholding tax applies to the shareholder. The filing also serves as notification that CRH's Annual Report and Form 20-F for 2016 has been published and is available on the company's website. This information is crucial for shareholders to understand their dividend options and to ensure they take timely action if they wish to participate in the scrip dividend offer or make other elections.

Key Highlights

  • 1CRH is offering shareholders the option to receive new ordinary shares instead of a cash payment for its final dividend of 46.2 cents per share.
  • 2The scrip dividend offer is for the final dividend for the fiscal year ending December 31, 2016, with a payment date of May 5, 2017.
  • 3The price for each new share under the scrip offer is set at €33.08.
  • 4Shareholders can increase their holdings in CRH through the scrip offer without incurring dealing costs or stamp duty.
  • 5The offer is subject to the approval of the dividend at the Annual General Meeting scheduled for April 27, 2017.
  • 6The Annual Report and Form 20-F for 2016 has been published and is accessible on CRH's website.
  • 7Shareholders must complete and return election forms by April 19, 2017, to participate in the scrip dividend offer.

Frequently Asked Questions

A scrip dividend offer is an option provided to shareholders where they can choose to receive new shares of the company's stock instead of a cash dividend payment. This allows shareholders to increase their ownership in the company without having to purchase additional shares on the open market.

The price for each new ordinary share offered under the scrip dividend is €33.08. This price is based on the average of the high and low share prices for CRH's ordinary shares over three business days commencing on March 9, 2017.

The latest date for shareholders to submit their completed Election and Mandate Forms or notices of revocation to the Registrars is 12 noon on April 19, 2017.

Dividend withholding tax (DWT) applies to dividends paid by CRH, an Irish resident company, unless a shareholder is entitled to an exemption and has submitted the necessary exemption forms by the record date. The ratio of new shares to existing shares differs depending on whether DWT applies (1 new share for every 89.502165 ordinary shares) or does not apply (1 new share for every 71.601732 ordinary shares).