Fletcher Building Limited (“Fletcher Building”) announces that it has a relevant interest in more than 70% of Crane Group Limited (“Crane”) shares.
Based on publicly disclosed Standard & Poor's (S&P) index methodology, Fletcher Building expects this will lead to the removal of Crane from key S&P ASX indices, including the S&P ASX 200 index.
Fletcher Building currently has a relevant interest in 70.6 per cent of issued Crane shares and a further 3.5 per cent of Crane shares are still in the process of being accepted from the Institutional Acceptance Facility.
In addition, Tyndall Investments has indicated it intends to accept in respect of its 7.7 per cent holding of Crane shares on 28 March 2011. Therefore, Fletcher Building's current relevant interest, when combined with the remaining shares still subject to the Institutional Acceptance Facility and Tyndall Investment's 7.7 per cent holding, represents 81.9 per cent of all Crane Shares.
Shareholders requiring additional assistance should call the Offer Information Line on 1300 042 036 (toll free for calls made within Australia), 0800 505 529 (free call for calls made within New Zealand) or +61 3 9938 4357 (for calls made outside Australia or New Zealand).
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For further information contact:
Philip King
General Manager
Investor & Media Relations
Ph: +64 9 525 9043
Mob: +64 27 444 0203
Mark Rudder
Cosway Australia
Mob: + 61 411 362 362