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- Release Date: 05/04/12 15:10
- Summary: DRP: FBU: FBL - Dividend Reinvestment Plan price determined
- Price Sensitive: No
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FBU
05/04/2012 13:10
DRP
REL: 1310 HRS Fletcher Building Limited
DRP: FBU: FBL - Dividend Reinvestment Plan price determined
Auckland, 5 April 2012 - The share price used to calculate entitlements under
the Fletcher Building Limited Dividend Reinvestment Plan has been set at
NZ$6.5926.
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 28
March 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, 18 April 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 6.5926.
The dividend does not have imputation credits attached. Accordingly, for all
NZ resident shareholders who do not hold an exemption certificate, resident
withholding tax has been deducted at 33% from the gross dividend.
For Australian resident shareholders, full franking credits are available in
respect of this dividend. Australian residents are paid in Australian dollars
which have been converted using an exchange rate of NZ$1.00 = A$0.78845.
For non-New Zealand resident shareholders, no supplementary dividend is
attached to this dividend. New Zealand non-resident withholding tax has been
deducted from the dividend payable to these shareholders.
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:00221612 For:FBU Type:DRP Time:2012-04-05 13:10:47
