Announcement
GENERAL: FBI: Rollover of March 2022 Capital Notes
08:30am
FBI
28/01/2022 08:30
GENERAL
NOT PRICE SENSITIVE
REL: 0830 HRS Fletcher Building Industries Limited
GENERAL: FBI: Rollover of March 2022 Capital Notes
Auckland, 28 January 2022: Fletcher Building Industries Limited advises that
noteholders of the March 2022 Capital Notes (FBI160) have been sent an
election notice outlining the new terms that will apply from 15 March 2022.
Noteholders have the option to retain some or all of their capital notes on
the new terms offered or to convert them into fully paid Fletcher Building
Limited shares. However, Fletcher Building Industries Limited has the right
to redeem or purchase for cash, either directly or by a nominee, any of the
capital notes that noteholders elect to convert.
Fletcher Building Industries Limited has determined that it will exercise
this option and will have a nominee purchase, for cash, those capital notes
which noteholders have elected to convert.
The noteholders have until Thursday 24 February 2022 to advise their
election.
The new terms of the March 2022 Capital Notes are:
New Election Date: 15 March 2027
New Interest Rate: 4.75% per annum
Interest Dates: 15 March and 15 September in each year
Series to be known as: March 2027 Capital Notes or FBI210
Elections can be made online at www.fbielection.co.nz. A copy of the
election notice and letter to noteholders is attached.
Kevin Burke
Group General Manager - Treasury & Risk
End CA:00386497 For:FBI Type:GENERAL Time:2022-01-28 08:30:14
Click here
to view related attachments.
