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An update from CRH plc ( (CRH) ) is now available.
CRH plans to delist its ordinary shares and 7% preference shares from the London Stock Exchange, consolidating its equity trading exclusively on the New York Stock Exchange, where it moved its primary listing in 2023. The move follows a review of low LSE trading volumes and the extra costs and regulatory burden of maintaining dual listings and legacy preference share structures.
The company also intends, subject to shareholder approval, to cancel its 5% and 7% preference shares, with holders to receive cash consideration equal to 40 times the annual dividend per share, valuing the securities at up to 280% of nominal value. The restructuring, scheduled to complete in mid‑2026 if approved, simplifies CRH’s capital structure and is expected to streamline administration while modestly compensating preference investors for the loss of their instruments.
More about CRH plc
CRH plc is a leading global provider of building materials used in infrastructure and construction projects. With 83,000 employees across 4,000 locations, it supplies materials for transportation, water and reindustrialization projects, and is listed on the New York Stock Exchange as a member of the S&P 500 Index.
See more data about CRH stock on TipRanks’ Stock Analysis page.