Boral plans $236m share buyback

Boral will buy back five per cent of its issued capital, or 39 million shares, over the next 12 months.

Boral will buy back around $236 million of its own shares over the next 12 months. (AAP)

Building products maker Boral will buy back around $236 million of its own shares over the next 12 months.

Chief executive Mike Kane said the company would buy back 39 million shares, or five per cent of its issued capital, which would amount to a $236 million buyback at current share prices.

He said the move would help improve returns to shareholders while leaving the company room to respond to future market challenges.