LafargeHolcim to pay post-merger dividend

Following the successful closing of the merger of Lafarge and Holcim, the new LafargeHolcim Ltd has announced that it will distribute an exceptional scrip dividend of one new-issue share for every 20 LafargeHolcim Ltd shares held. Settlement and delivery of the new-issue shares will start on 10 September, LafargeHolcim Ltd said.

The group shareholders approved in May a capital increase via an issue of approximately 28.9m new shares, corresponding to five per cent of LafargeHolcim Ltd’s capital and voting rights as at 3 September 2015.

Shareholders entitled to a fractional number of shares will receive the rounded-down whole number of shares plus a cash balance for the remainder, it added.