We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Csr | LSE:CSZ | London | Ordinary Share | AU000000CSR5 | ORD NPV |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.00 | - |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
RNS Number:3242J CSR Ld 28 March 2003 CSR SHAREHOLDERS APPROVE DERMERGER OF RINKER GROUP LIMITED CSR Limited shareholders today overwhelmingly approved the demerger of Rinker Group Limited ("Rinker") from CSR. Around 15,000 shareholders voted on the demerger resolutions, including around 300 shareholders attending meetings in Sydney. Over 99% of total votes cast were in favour of both the demerger resolution and the necessary reduction of capital. The demerger of Rinker has now moved a step closer. The final step will be to seek the approval of the Federal Court of Australia on Friday, March 28. Rinker Group, post-demerger, is expected to be one of the world's top 10 heavy building materials groups, with annual sales around A$5.8 billion and around 13,000 employees. It will be an Australian company, headquartered in Sydney and listed on the Australian Stock Exchange (ASX), where it is expected to be one of the Top 50 stocks. Pro-forma compound average annual growth in sales has been around 12.3% over the past three years, whilst compound growth in earnings before interest, tax, depreciation and amortisation (EBITDA) has averaged 18.7% over the same period. CSR will become a diversified industrial company, with a strong portfolio of businesses in Building Products, Sugar and Aluminium, and sales revenue around A$2 billion. Headquartered in Sydney, CSR is Australia's second oldest public company and will continue to be listed on the ASX, where it is expected to be within the top 100 companies. The combined CSR businesses have a history of stable earnings, generating returns well above their cost of capital. CSR is expected to appeal to investors who prefer companies paying a higher proportion of profits as dividends. A payout ratio of around 60 -70% of earnings after tax is generally expected. For further information, please call: Debra Stirling on 61 2 9235 8040 or 0419 476 546 25 March 2003 CA&IR 08/03 This information is provided by RNS The company news service from the London Stock Exchange END REGLVLBLXXBFBBZ
1 Year Csr Chart |
1 Month Csr Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions