Withdrawal of Scrip Dividend

RNS Number : 0670G

CRH PLC

17 October 2008

 



17th October 2008

CRH plc  - Withdrawal of Scrip Dividend Offer

On 26th August 2008, CRH announced an Interim Dividend for the year ending 31st December 2008 of 20.5 cent per Ordinary Share and subsequently a Scrip Dividend Offer at a price of €18.37 per Share.

Since then, continuing market volatility has resulted in a decline in the value of CRH shares, which makes the 2008 Interim Scrip Dividend Offer unattractive compared to CRH's current share price.

As it is not possible under the Articles of Association of the Company to reset the price, the Board has decided, in the interests of Shareholders, to withdraw the 2008 Interim Scrip Dividend Offer and to pay the Interim Dividend of 20.5 cent per Ordinary Share wholly in cash on 31st October 2008.  

The Board intends to offer a Scrip Dividend Alternative for future dividends.

Contact

Neil Colgan

Assistant Company Secretary 

Tel: [phone]

 

END

 

 

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