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- Release Date: 04/10/12 13:03
- Summary: DRP: FBU: Dividend Reinvestment Plan Price Determined
- Price Sensitive: No
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FBU
04/10/2012 10:03
DRP
REL: 1003 HRS Fletcher Building Limited
DRP: FBU: Dividend Reinvestment Plan Price Determined
Auckland, 4 October 2012 - The share price used to calculate entitlements
under the Fletcher Building Limited Dividend Reinvestment Plan has been set
at NZ$7.0627.
This is the individual daily volume weighted average sale prices of
price-setting trades of Fletcher Building shares sold on the NZSX on each of
the five business days immediately following the NZX ex-dividend date of 26
September 2012 in 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, 17 October 2012. The
number of Fletcher Building shares to which participants are entitled is the
total of the net dividend remittance per share which would otherwise have
been payable to participants, divided by 7.0627.
The dividend has imputation credits attached at a 28 percent tax rate. For
all NZ resident shareholders who do not hold an exemption certificate,
resident withholding tax has been deducted at 5% from the gross dividend.
Non-New Zealand shareholders benefit from the New Zealand supplementary
dividends attached to the imputation credits, as these have the effect of
removing the cost of New Zealand non-resident withholding tax.
For Australian resident shareholders no franking credits are available in
respect of this dividend. The dividend remittance is subject to the 15
percent New Zealand non-resident withholding tax but this is offset by the
payment of the supplementary dividend. Australian residents are paid in
Australian dollars which have been converted using an exchange rate of
NZ$1.00 = A$0.79899.
An illustration of the calculation of the net dividend remittance is
available on the Company's website
(http://www.fletcherbuilding.com/investor/dividend information).
For further information contact:
Philip King
General Manager Investor Relations
Phone: + 64 9 525 9043
Mobile: + 64 27 444 0203
End
End CA:00228105 For:FBU Type:DRP Time:2012-10-04 10:03:22
