James Hardie (JHX) has released an update.
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James Hardie Industries PLC has continued its on-market buy-back program, purchasing an additional 95,000 securities on the latest trading day, taking the total number of securities bought back to 7,449,054. The company has spent AUD 383.1 million on the buy-back to date and is looking to reach a buy-back total of US$300 million, with approximately US$75 million worth of shares still to be cancelled by June 24, 2024. The final number of shares to be bought back will be contingent on market prices and currency exchange rates during the buy-back period.
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