Protective gloves and condom maker Ansell plans a $US100 million ($A140 million) share buyback over the next 12 months.
Ansell, which lifted its underlying net profit 20 per cent $US187.5 million in 2014/15, plans to purchase up to six million shares on an opportunistic basis.
Chief executive Magnus Nicolin says Ansell will launch the buyback before September 15 and that the company is also actively looking for strategic acquisitions.
Ansell's shares dipped about 15 per cent after its full year results in mid August, with investors unimpressed by guidance that earnings per share in 2015/16 would drop to about $US1.05 from $US1.225 in 2014/15.
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