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- Release Date: 03/10/13 18:56
- Summary: DRP: FBU: Dividend Reinvestment Plan Price Determined
- Price Sensitive: No
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FBU
03/10/2013 15:56
DRP
REL: 1556 HRS Fletcher Building Limited
DRP: FBU: Dividend Reinvestment Plan Price Determined
The share price used to calculate entitlements under the Fletcher Building
Limited Dividend Reinvestment Plan has been set at NZ$9.5339.
This is 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 NZX ex-dividend date of 25
September 2013 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, 16 October 2013. 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 9.5339.
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
reducing or 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 will be fully or
partly 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$0.87719.
An illustration of the calculation of the net dividend remittance is
available on the Company's website
(fbu.com/investor-centre/dividend-information/).
For further information contact:
Philip King
Group General Manager, Investor Relations & Capital Markets
Phone: + 64 9 525 9043
Mobile: + 64 27 444 0203
End
End CA:00241973 For:FBU Type:DRP Time:2013-10-03 15:56:24
