NVDA gained a massive 197% since our AI first added it in November - is it time to sell? 🤔Read more

BRIEF-CSR announces $150 million share buyback

Published 04/03/2016, 09:19 am
Updated 04/03/2016, 09:20 am
© Reuters.  BRIEF-CSR announces $150 million share buyback
CSR
-

March 4 (Reuters) - CSR Ltd CSR.AX :

* Says will commence an on-market share buy-back of its ordinary shares of up to $150 million

* Says share buy-back represents a return of surplus cash expected to be generated by the company

* Says buy-back period is expected to begin on 21 March 2016 and will continue over the financial years ending 31 March 2017 and 2018

* Timing of buy-back and number of shares to be purchased will depend on share price levels, cash flow generation and capital requirements

Source text for Eikon ID:nASX5VSB4Z

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.