FBU
01/04/2015 13:58
DRP
NOT PRICE SENSITIVE
REL: 1358 HRS Fletcher Building Limited
DRP: FBU: Dividend Reinvestment Plan Price Determined
DIVIDEND REINVESTMENT PLAN PRICE DETERMINED
Auckland, 1 April 2015 - The share price used to calculate entitlements under
the Fletcher Building Limited Dividend Reinvestment Plan has been set at
NZ$8.5201.
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 ex-dividend date of 25 March
2015 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, 15 April 2015. 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 8.5201.
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, the dividend remittance is subject to
the 15 percent New Zealand non-resident withholding tax. Australian residents
are paid in Australian dollars which have been converted using an exchange
rate of NZ$1.00 = A$0.977112.
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:00262617 For:FBU Type:DRP Time:2015-04-01 13:58:12
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