James Hardie Progresses Share Buy-Back Program

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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