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CSR (CSR) investor relations material

CSR AGM 2024 summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
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AGM 2024 summary12 Jun, 2024

Opening remarks and agenda

  • Chair John Gillam opened the hybrid meeting, acknowledged traditional custodians, confirmed quorum, and introduced the Board, with logistics and voting procedures outlined.

  • The agenda focused on the scheme of arrangement for Saint-Gobain to acquire all CSR shares, with Q&A and voting included.

Board and executive committee updates

  • Board members and senior executives, including CEO Julie Coates and CFO Sarah Lom, were introduced, with directors unanimously supporting the scheme in the absence of a superior proposal.

  • Directors confirmed their shares would be voted in favor, and their interests were disclosed in the scheme booklet.

Shareholder proposals

  • Shareholders voiced both opposition and support, raising concerns about foreign ownership, value, and long-term impacts, while others favored the cash offer and reinvestment opportunity.

  • The main proposal was the scheme of arrangement for Saint-Gobain to acquire all CSR shares via a Scheme Implementation Deed.

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Frequently asked questions

CSR Limited is an Australian industrial company specializing in the production of building products. It has a significant history, dating back to its foundation in 1855, originally focusing on sugar production before diversifying into building materials. The company's product range includes various construction materials such as fibre cement, insulation, plasterboards, ventilation products, bricks, roof tiles, pavers, glass, and concrete products. These products are marketed under well-recognized brand names, making CSR a key player in the building products industry in Australia and New Zealand. The company is headquartered in North Ryde, New South Wales, and its shares are listed on the Australian Securities Exchange.

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