Capital Notes & ADRs     |   15 March 2010

Fletcher Building Finance March 2010 Capital Notes

Fletcher Building Finance Limited advises that it has today completed the purchase of the March 2010 Capital Notes from those noteholders who had advised that they did not wish to accept the new terms set for the notes.

The details of the acquisition, as required by listing rule 7.12.1, are:

Issuer

Fletcher Building Finance Limited

Class of security and ISIN

Capital Notes FBF020 (NZFBFD0002S1) and FBF030 (NZFBFD0003S9, which roll into FBF070 (NZFBFDA007C8)  

Number acquired

40,427,000.00

Nominal value and acquisition price

$1.00 per capital note; $40,427,000.00 in aggregate

Payment method

Cash

Amount paid up (if not in full)

Paid in full

Percentage of the total class of securities acquired

15 March 2016 (FBF070) - 54%        

Reason for the acquisition

As part of the rollover of the Fletcher Building Finance Limited March 2010 Capital Notes

Specific authority for the acquisition

Conditions of the Capital Notes as set out in the Trust Deed

Any terms or details of the acquisition

N/A

Total number of securities  of the class in existence after the acquisition

15 March 2016 (FBF070) - 75,000,000 (which includes Capital Notes acquired and held as treasury stock)

Held as treasury stock

Yes

Acquisition date

15 March 2010

 

Sara Double
Treasurer
Phone: +64 9 525 9339
Fax: +64 9 525 9029

End