James Hardie addresses price drop, director's share changes

James Hardie Industries Plc (JHX) responded to an ASX price query on November 6, 2025, after its securities experienced a drop from A$29.48 to A$24.41 and a significant increase in trading volume. The company stated it was unaware of any unannounced information that could explain the recent trading. JHX attributed the price movement to the public announcement on Bloomberg that its CDIs had been deleted from the MSCI Australia Indexes. The company confirmed its compliance with Listing Rules, particularly 3.1, regarding continuous disclosure.

In a related Appendix 3Y filing, James Hardie disclosed changes to director Aaron Erter's interests, effective October 29, 2025. Erter acquired 44,253 ordinary shares and 219,775 TSR RSUs, receiving nil consideration for both. These transactions were in accordance with shareholder approvals from the 2022 and 2025 Annual General Meetings.

Concurrently, Erter disposed of 35,179 ROCE RSUs and 115,688 TSR RSUs, which were cancelled following vesting, also without consideration. After these changes, Erter holds 75,838 ordinary shares, 181,886 ROCE RSUs, 495,358 TSR RSUs, and 269,221 options. The changes did not occur during a closed period requiring prior clearance.