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:2075H CSR Ld 07 February 2003 CSR LIMITED TO PUT DEMERGER PROPOSAL TO SHAREHOLDERS CSR Limited (CSR) announced today that it is proceeding with plans to put a demerger proposal to shareholders. CSR's 112,000 shareholders will be asked to vote on the demerger at meetings to be held in Sydney on 25 March. The Federal Court of Australia today approved the convening of the meetings and the dispatch of an explanatory booklet for shareholders. The demerger is in line with the CSR strategy over the past five years and involves spinning off the group's heavy building materials assets (primarily aggregates, premix concrete, cement and concrete pipe & products) from the other CSR group businesses. The demerger would result in two separate Australian companies, both listed on the Australian Stock Exchange: * Rinker Group Ltd (RGL) - a focused, heavy building materials group, comprising Rinker Materials Corporation in the US and the Readymix and Humes businesses in Australia and Asia. RGL is expected to be one of the top 10 heavy building materials stocks in the world, based on a number of measures, including cash flow. It will continue its growth strategy of building strong regional market positions for its key products. RGL should also be better positioned to participate in the ongoing consolidation of the international heavy building materials sector. With around 85% of earnings* from Rinker Materials in the US, it is expected that over time, investors will value RGL more in line with its US peers. * CSR Limited, after the demerger, will be a diversified, Australian company, holding some of the best known household brands in the country. The group will comprise three businesses - CSR Building Products, Aluminium and CSR Sugar. CSR is expected to focus more effectively on the respective strengths of these businesses and to pursue value-adding, low risk growth options, which have previously ranked as a lesser priority for the CSR group. CSR, after the demerger, is expected to distribute a higher level of its profits as dividends than it does currently. A high level of franking is generally expected. The explanatory booklet for shareholders will be lodged with the Australian Stock Exchange prior to the commencement of trading on Monday 10 February. It is scheduled to be mailed to shareholders after printing in approximately two weeks. * Business earning before corporate costs, interest and tax for the year ended 30 September 2002 For further information, please contact Debra Stirling on 61 2 9235 8040 or 0419 476 546 7 February 2003 CA&IR 06/03 This information is provided by RNS The company news service from the London Stock Exchange END STRFDLFBXLBBBBQ
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