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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