Fletcher Building announces that it has successfully completed the equity placement component of the funding package for its acquisition of Amatek Holdings Limited. The Chief Executive Officer, Mr Ralph Waters, said that the placement had been very successful, with 20,000,000 shares being placed at a price of NZ$7.05 per share, realising NZ$141 million in total. Settlement will occur on Thursday 10 March 2005, and the new shares to be issued will rank pari-passu with existing shares.
“This is a further vote of confidence in Fletcher Building, and the strategy that has led to acquisitions such as Amatek”, Mr Waters said. “The Company wishes to acknowledge the level of investor support it has received, particularly from existing shareholders.”
The underwritten placement was conducted by a global bookbuild, lead and underwritten by Goldman Sachs JBWere.
A notice in accordance with section 708A of the Australian Corporations Act 2001 accompanies this announcement.