Friday, 29 March 2024

Announcement

DRP: FBU: Dividend Reinvestment Plan Price Determined

30 Mar 2017 14:30NZX
Auckland, 30 March 2017 - The share price used to calculate entitlements
under the Fletcher Building Limited Dividend Reinvestment Plan has been set
at NZ$7.9888.

This is the average of the individual daily volume weighted average sale
prices of all price-setting trades of Fletcher Building shares sold on the
NZSX on each of the five business days from and including the ex-dividend
date of 23 March 2017 pursuant to the terms of the Dividend Reinvestment Plan
Offer Document.

Shareholders who have elected to participate in the Dividend Reinvestment
Plan reinvest their dividends to receive additional shares, rather than cash.
The new shares will be allocated on the dividend date, 12 April 2017. The
number of Fletcher Building shares to which participants are entitled is the
total of the net dividend remittance which would otherwise have been payable
to participants, divided by 7.9888.

Australian residents are paid in Australian dollars which have been converted
using an exchange rate of NZ$1.00 = A$0.9175.

An illustration of the calculation of the net dividend remittance is
available on the Company''s website
(www.fbu.com/investor-centre/dividend-information/).

For further information contact:

Rodney Deacon
Head of Investor Relations
Phone:  + 64 9 525 9043
Mobile:   + 64 21 631 074

End
End CA:00299085 For:FBU    Type:DRP        Time:2017-03-30 14:30:19
Views: 212
Fletcher Building
 7.800 Change:
0.05
0.64%
 
Open:7.850 
High:7.850 
Low:7.850 
Volume:63 
Last Traded:07/02/18 09:12:49 
Bid:7.850 
Ask:7.800 
52-Wk High:10.600 
52-Wk Low:6.730