FBU
16/11/2015 16:22
GENERAL
NOT PRICE SENSITIVE
REL: 1622 HRS Fletcher Building Limited
GENERAL: FBU: Disclosure of Issue of Shares
ISSUE OF OPTIONS OVER SHARES
NOTICE PURSUANT TO LISTING RULE 7.12.1
(a) Class of Security and ISIN:
Options over ordinary shares
ISIN for ordinary shares: NZFBUE00001S0
(b) Number issued, acquired or
redeemed:
500,000
(c) The nominal value and the issue,
acquisition or redemption price:
Nil
(d) Payment in Cash:
Yes
(e) Amount paid up:
Fully paid up
(f) The principal terms of the Securities
(other than for Quoted Securities)
e.g. exercise price and date in
respect of an Option, or the
conversion price and conversion
date in respect of Convertible
Securities or the ranking of the
Securities in relation to other
Classes of Securities:
Exercise price of $6.89, being the volume
weighted average price of Fletcher Building
shares sold on the NZSX in the five
business days immediately preceding 1
October 2015.
The exercise price is adjusted annually
with effect from 1 October 2015, by the
company's cost of capital, less any
dividends actually paid.
Restrictive period of 3 years. Exercisable
from 1 October 2018 - 30 September 2021
(g) Percentage total of class of
securities:
50% of options
0.07% of ordinary shares
(h) Reason for issue, acquisition or
redemption:
Incentive to Chief Executive Officer
(i) Specific authority for issue,
acquisition or redemption
Board resolution dated 16 November 2015
and shareholder resolution dated 20
November 2012
(j) any terms or details of the issue,
acquisition or redemption
n/a
(k) Total number of securities on issue
after issue, acquisition or
redemption:
1,000,000 options
(l) If Companies Act 1993 registered
company - whether shares to be
held as Treasury Stock:
No
(m) Date of issue, acquisition or
redemption:
16 November 2015
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:00273517 For:FBU Type:GENERAL Time:2015-11-16 16:22:12
