April 1 (Reuters) - Boral Ltd (BLD) : BORAL LTD - SALE OF USG...

April 1 (Reuters) - Boral Ltd (BLD) :

• BORAL LTD - SALE OF USG BORAL AND INTENDED ON-MARKET BUY-BACK-BLD.AX
• BORAL LTD - INTENTION TO UNDERTAKE AN ON-MARKET SHARE BUY-BACK
• BORAL LTD - EXPECTS TO REPORT A PROFIT ON SALE AFTER TAX OF ABOUT A$450 MILLION AS A RESULT OF DIVESTMENT OF ITS 50% SHARE OF USG BORAL
• BORAL - FINAL SALE PROCEEDS OF A$1.33 BILLION WILL BE USED TO REDUCE BORAL'S NET DEBT POSITION FROM A$1.9 BILLION TO BORAL'S TARGETED NET DEBT OF $1.5 BILLION
• BORAL LTD - INTENDS TO BUY BACK UP TO 10% OF SHARES ON ISSUE, OR APPROXIMATELY 122 MILLION SHARES, OVER NEXT 12 MONTHS
• BORAL LTD - BUY-BACK WILL BE FULLY FUNDED FROM SALE PROCEEDS
• BORAL LTD - BORAL WILL CONTINUE TO ASSESS OPTIONS TO DISTRIBUTE ANY ADDITIONAL SURPLUS CAPITAL

Source text nASX35Dpzb

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