CSR Limited announces on-market share buyback of up to AU$100 million

CSR Limited (ASX: CSR) announced that it will start an on-market share buyback program of up to AU$100 million. The company's chair John Gillam confirmed that it is well-positioned to invest in its long-term growth strategy and increase shareholder wealth. The company has said that it has a robust balance sheet that would support its investment in the growth & performance strategy for its Building Products business.

The share buyback program will be an addition to the company's previous dividend policy. Based on share price, cash flow generation, and capital requirements, the company will decide the timing and the number of shares to be purchased. This is consistent with the company's recent history of proactive capital management.

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