Share buy-back
On 15 August 2007, James Hardie announced an on-market buy-back program for the purchase of up to 10% of its issued capital (up to approximately 46.8 million shares) over a period of up to 12 months.
The share buy-back reflects the company’s focus on improving the efficiency of its capital structure through active capital management.
The number of shares purchased on-market during the buy-back is summarised below.
| Date of purchase |
Number of shares
re-purchased |
Total cost
(A$) |
Number of shares that may still be bought-back
|
| 18 September 2007 |
395,057 CUFS |
$ 2,912,557.73 |
46,374,518 CUFS |
| 20 September 2007 |
650,000 CUFS |
$ 4,892,095.00 |
45,724,518 CUFS |
| 21 September 2007 |
1,175,000 CUFS |
$ 8,547,420.00 |
44,549,518 CUFS |
| 24 September 2007 |
750,000 CUFS |
$ 5,403,825.00 |
43,799,518 CUFS |
| 25 September 2007 |
750,000 CUFS |
$ 5,348,325.00 |
43,049,518 CUFS |
| 26 September 2007 |
2,346,330 CUFS |
$16,542,330.40 |
40,703,188 CUFS |
| 27 September 2007 |
1,450,000 CUFS |
$10,347,635.00 |
39,253,188 CUFS |
| 01 October 2007 |
17,000 CUFS |
$ 122,850.50 |
39,236,188 CUFS |
| 02 October 2007 |
34,919 CUFS |
$ 258,400.60 |
39,201,269 CUFS |
| 03 October 2007 |
2,280,000 CUFS |
$16,990,788.00 |
36,921,269 CUFS |
| 08 October 2007 |
379,834 CUFS |
$ 2,804,276.44 |
36,541,435 CUFS |
| 09 October 2007 |
270,000 CUFS |
$ 1,999,026.00 |
36,271,435 CUFS |
| 10 October 2007 |
25,000 CUFS |
$ 185,917.50 |
36,246,435 CUFS |
| 11 October 2007 |
45,000 CUFS |
$ 335,250.00 |
36,201,435 CUFS |
| 12 October 2007 |
1,105,000 CUFS |
$ 8,100,976.00 |
35,096,435 CUFS |
| 22 November 2007 |
740,000 CUFS |
$ 4,649,864.00 |
34,356,435 CUFS |
| 25 November 2007 |
534,000 CUFS |
$ 3,289,226.40 |
33,822,435 CUFS |
| 26 November 2007 |
427,536 CUFS |
$ 2,687,833.32 |
33,394,899 CUFS |
| 27 November 2007 |
310,000 CUFS |
$ 1,954,147.00 |
33,084,899 CUFS |
| 28 November 2007 |
1,205,000 CUFS |
$ 7,338,088.50 |
31,879,899 CUFS |
| 29 November 2007 |
1,700,000 CUFS |
$10,560,060.00 |
30,179,899 CUFS |
| 30 November 2007 |
2,305,000 CUFS |
$14,367,295.50 |
27,874,899 CUFS |
| 04 December 2007 |
968,274 CUFS |
$ 5,957,693.09 |
26,906,625 CUFS |
| 05 December 2007 |
756,016 CUFS |
$ 4,606,859.10 |
26,150,609 CUFS |
| 06 December 2007 |
581,734 CUFS |
$ 3,611,637.37 |
25,568,875 CUFS |
| 11 December 2007 |
641,471 CUFS |
$ 4,171,614.21 |
24,927,404 CUFS |
| 12 December 2007 |
4,396,670 CUFS |
$28,441,178.90 |
20,530,734 CUFS |
| 13 December 2007 |
2,160,000 CUFS |
$14,109,768.00 |
18,370,734 CUFS |
| 14 December 2007 |
823,984 CUFS |
$ 5,386,713.00 |
17,546,750 CUFS |
| 17 December 2007 |
2,703,607 CUFS |
$17,432,857.94 |
14,843,143 CUFS |
| 19 December 2007 |
775,000 CUFS |
$ 4,970,230.00 |
14,068,143 CUFS |
| 20 December 2007 |
270,000 CUFS |
$ 1,735,317.00 |
13,798,143 CUFS |
| 21 December 2007 |
558,237 CUFS |
$ 3,666,500.62 |
13,239,906 CUFS |
| 11 March 2008 |
445,298 CUFS |
$ 2,494,203.16 |
12,794,608 CUFS |
| 13 March 2008 |
272,500 CUFS |
$ 1,555,321.00 |
12,522,108 CUFS |
| 14 March 2008 |
262,865 CUFS |
$ 1,506,712.77 |
12,259,243 CUFS |
| 17 March 2008 |
457,775 CUFS |
$ 2,591,039.71 |
11,801,468 CUFS |
| 18 March 2008 |
10,000 CUFS |
$ 56,994.00 |
11,791,468 CUFS |
| 25 March 2008 |
180,659 CUFS |
$ 1,138,820.14 |
11,610,809 CUFS |
| 28 March 2008 |
155,000 CUFS |
$ 974,361.00 |
11,455,809 CUFS |
| 31 March 2008 |
373,036 CUFS |
$ 2,328,639.93 |
11,082,773 CUFS |
|
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