Ann: DRP: FBU: Dividend Reinvestment Plan Price Determined

• Release Date: 01/04/16 11:35
• Summary: DRP: FBU: Dividend Reinvestment Plan Price Determined
• Price Sensitive: No
• Download Document  1.55KB

					FBU
01/04/2016 11:35
DRP
NOT PRICE SENSITIVE
REL: 1135 HRS Fletcher Building Limited

DRP: FBU: Dividend Reinvestment Plan Price Determined

DIVIDEND REINVESTMENT PLAN PRICE DETERMINED

Auckland, 1 April 2016 - The share price used to calculate entitlements under
the Fletcher Building Limited Dividend Reinvestment Plan has been set at
NZ$7.7658

This is 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 2016 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, 13 April 2016. 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 7.7658.

Australian residents are paid in Australian dollars which have been converted
using an exchange rate of NZ$1.00 = A$0.90214.

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:00280203 For:FBU    Type:DRP        Time:2016-04-01 11:35:45