Investor Centre

Capital notes

Capital notes are issued by Fletcher Building Industries Limited, and are listed on the NZX Debt Market (NZDX).

Interest payment dates - 2016 onward
15 March

FBI 120 FBI 130,
FBI 140, FBI 150, FBI 160, FBI 170

15 September

FBI 120, FBI 130,
FBI 140, FBI 150, FBI 160, FBI 170

*When an election date falls on a weekend day the interest will occur on the next business day.

Capital notes overview
NZDX CodeNext
Election Date*
Interest
Rate
Amount On
Issue
FBI 120 15 March 2019 5.40% $19,463,000
FBI 130 15 March 2019 6.45% $80,537,000
FBI 140 15 March 2020 5.80% $100,000,000
FBI 150 15 March 2021 4.75% $100,000,000
FBI 160 15 March 2022  5.00% $100,000,000
FBI 170 15 March 2023 5.00% $100,000,000

*When an election date falls on a weekend day the interest will occur on the next business day.

ADRs

Fletcher Building Limited maintains a sponsored Level 1 American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas (Deutsche Bank). 

ADR overview

Fletcher Building Limited’s ADR program is sponsored by Deutsche Bank. As the depositary bank, Deutsche Bank performs the following roles:

  • Issues and cancels Fletcher Building Limited ADRs
  • Records and maintains the register of ADR holders
  • Is the stock transfer agent
  • Distributes dividends in US dollars (if applicable)
  • Facilitates the proxy voting process and exercises the voting rights on behalf of ADR holders (if applicable)
  • Distributes company circulars and Annual General Meeting documentation (if applicable)

For those holders which are not registered because their shares are held through a ‘street name’ (or nominee account), your nominee will receive company documents from time to time from Deutsche Bank to distribute to you. You need to make arrangements with your nominee if you wish to receive such documents and to be able to exercise your vote through the depositary bank at general meetings (if applicable).

ADR details

Ticker: FCREY
Structure: Level 1 ADR
Exchange: OTC
Ratio (ADR:ORD): 1:2
DR ISIN: US3393053026
CUSIP: 339305302

Contact details for ADR investors and brokers

Deutsche Bank ADR broker services desks:

  • New York:  +1 212 250 9100

  • London:  +44 207 547 6500

Contact details for registered ADR holders

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Operations Center
6201 15th Avenue
Brooklyn NY 11219

Email: db@amstock.com
Toll-free number:  +1 866 706 0509
Direct Dial:  +1 718 921 8124

 

ADR FAQs

The following information does not contain all information that may be important to you. For more complete information, we highly recommend that you read the entire deposit agreement and the form of American Depositary Receipt, which contains the American Depositary Shares terms.

What is an American Depositary Receipt (ADR)?

An ADR is a negotiable US dollar denominated certificate representing ownership of share(s) in a non-US company. Fletcher Building Limited ADRs represent Fletcher Building Limited ordinary shares deposited with the depositary bank, to underlie such certificates and carry the rights attached to them as detailed in the Depositary Agreement. Holders of ADRs receive dividends in US dollars (if applicable) and have the right to vote on shareholders resolutions (if applicable). The term ADR and ADS are often used interchangeably. ADRs were specifically designed to facilitate the purchase, holding and sale of non-US securities by US investors.

What is an ADR ratio?

The ADR ratio defines the numeric relationship between the number of ADRs and the number of ordinary shares. Every 2 ordinary Fletcher Building Limited shares represent 1 Fletcher Building Limited ADR.

What are the benefits of ADRs to US investors?

US investors may prefer to purchase ADRs rather than ordinary shares in Fletcher Building Limited’s home market because ADRs trade, clear and settle according to US market conventions. ADRs allow chiefly US investors to diversify into non-US securities, relatively easily.

Why did you establish an ADR program?

Fletcher Building Limited established the ADR program to make it easier for US investors to invest in Fletcher Building Limited. ADRs are easier for US investors for various reasons including that administrative costs are reduced and capital gains are realized in US dollars.

What effect do you expect the ADR program to have on your shareholder base?

We hope that the ADR program encourages US investors to increase their exposure to Fletcher Building Limited, as it will now be easier for them to do so.

What types of companies issue ADRs?

ADR issuers are typically large corporations with primary listings outside of the US. Any non-US company seeking to raise capital in the US or increase their base of US investor can also issue ADRs.

Is it easy to get information and updates on Fletcher Building Limited?

Information about Fletcher Building Limited is widely available on this website.

Where are Fletcher Building Limited ADRs traded?

Fletcher Building Limited ADRs are traded over-the-counter (OTC) on the electronic market operated by OTCMarkets. For more information, visit www.otcmarkets.com.

What is the OTCMarkets?

The OTCMarkets is a decentralized market for securities that are not listed on a stock exchange. Trading on OTCMarkets occurs via a network of dealers who carry inventories of securities to facilitate the buy and sell orders of investors.

Who is Fletcher Building Limited’s depositary for ADRs?

Deutsche Bank Trust Company Americas is the depositary bank for Fletcher Building Limited’s ADR program. The depositary bank plays a key role in issuance as well as cancellation of ADRs. It also maintains the ADR holder register, distributes the dividends in US dollars (if applicable) and facilitates the exercise by the ADRs holders of their voting rights (if applicable).

What currency are Fletcher Building Limited ADRs denominated in?

Fletcher Building Limited ADRs are denominated in US dollars.

What is the difference between a registered ADR holder and a beneficial ADR holder?

A registered holder is the party whose name appears on the books of the depositary bank. The registered holder is considered the owner of record. A beneficial holder is the ultimate owner of the security, whose holdings are registered in a name other than their own, such as in the name of a broker, bank or nominee.

How do I convert my ordinary shares into ADRs?

Converting ordinary shares into ADRs must be done through a broker investment advisor or for registered holders through Deutsche Bank Trust Company Americas. You can contact Deutsche Bank broker services desk on +1 212 250 9100 or +44 207 547 6500.

How may I check how many ADRs I hold?

If you do not hold via a broker, bank or nominee, please contact our transfer agent:

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Operations Center
6201 15th Avenue
Brooklyn NY 11219

Email: db@amstock.com
Toll-free number:  +1 866 706 0509
Direct Dial:  +1 718 921 8124

How may I find out corporate action information on Fletcher Building Limited?

For corporate action information, please visit www.adr.db.com.

Search for Fletcher Building Limited and then select Corporate Actions tab.

Alternatively, you may contact:

Deutsche Bank Shareholder Services
American Stock Transfer & Trust Company
Operations Center
6201 15th Avenue
Brooklyn NY 11219

Email: db@amstock.com
Toll-free number:  +1 866 706 0509
Direct Dial:  +1 718 921 8124