Fletcher Building Limited advises that it has today completed the purchase of the April 2004 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 Limited
Class of security and ISIN: FBU110 (NZFBUD0006S1) which roll into FBU180 (NZFBUD00013S7) Capital Notes
Number acquired: 18,968,750 Nominal value and acquisition price: $1.00 per capital note; $18,968,750 in aggregate
Payment method: Cash
Amount paid up (if not in full): Paid in full
Percentage of the total class of securities acquired: 44%
Reason for the acquisition: As part of the rollover of the Fletcher Building Limited April 2004 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 : 43,472,000 (which includes the 18,968,750 acquired and held as treasury stock)
Held as treasury stock: Yes
Acquisition date: 15 April 2004
Sara Ellis
Treasurer
Phone: +64 9 525 9339
Fax: +64 9 525 9029