Feb 26 (Reuters) - CSR Ltd (CSR) : ASX ALERT-CSR ENTERS INTO...

Feb 26 (Reuters) - CSR Ltd (CSR) :

• ASX ALERT-CSR ENTERS INTO SCHEME IMPLEMENTATION DEED WITH SAINT-GOBAIN-CSR.AX
• SCHEME CONSIDERATION OF A$9.00 PER SHARE VALUES CSR'S EQUITY AT APPROXIMATELY A$4,323 MILLION
• CASH CONSIDERATION OF A$9.00 PER SHARE
• ENTERED INTO A BINDING SCHEME IMPLEMENTATION DEED WITH SAINT-GOBAIN
• DEAL FOR A$9.00 PER SHARE
• UNANIMOUSLY RECOMMENDS SHAREHOLDERS VOTE IN FAVOUR OF SCHEME
• FINAL PROPOSAL FOLLOWS AN INITIAL OFFER IN EARLY JANUARY THIS YEAR AND A PERIOD OF NEGOTIATION
• IMPLEMENTATION OF SCHEME IS THEN EXPECTED TO OCCUR IN FIRST HALF OF CSR'S YEM2025 FINANCIAL YEAR
• SCHEME PROVIDES ATTRACTIVE VALUE AND CERTAINTY FOR CSR SHAREHOLDERS
• DIVIDEND IS PERMITTED TO BE UP TO 25 AU CENTS PER SHARE BUT IS REQUIRED TO BE FULLY FRANKED
• AGREED WITH SAINT-GOBAIN THAT A FULLY FRANKED DIVIDEND MAY BE PAID TO SHAREHOLDERS

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