James Hardie Progresses Share Buy-Back Program

Tip Ranks
2024.08.30 16:17
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James Hardie Industries PLC (JHX) has announced an ongoing share buy-back program, purchasing 95,000 shares recently, bringing the total to 7,065,441 shares repurchased. The company aims to buy back up to US$300 million worth of shares, having spent approximately US$100 million while planning to cancel US$200 million by June 24, 2024. The buy-back involves cash in Australian dollars and is managed by Barrenjoey Markets Pty Limited, needing no security holder approval.

James Hardie (JHX) has released an update.

James Hardie Industries PLC has announced an ongoing on-market share buy-back program, with 95,000 shares purchased on the previous day, adding to a total of 7,065,441 shares already bought back. The company has revealed intentions to repurchase up to US$300 million of its shares, with approximately US$225 million already spent and US$75 million slated for cancellation by June 24, 2024. The buy-back process involves cash considerations in Australian dollars and is facilitated by Barrenjoey Markets Pty Limited, without the need for security holder approval.

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