Auckland, 27 January 2012 - Fletcher Building Industries Limited advises that noteholders of the March 2012 Capital Notes (FBI080) have been sent an election notice outlining the new terms that will apply from 15 March 2012.
Noteholders have the option to retain some or all of their capital notes on the new terms offered or to convert them into fully paidFletcherBuildingshares. 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 27 February 2012 to advise their election.
The new terms of the March 2012 Capital Notes are:
New Election Date: | 15 March 2018 |
New Interest Rate: | 7.15% per annum |
Interest Dates: | Interest dates will not change being each 15 March and 15 September thereafter until, and including, the Final Interest Date |
The Capital Notes will be known as: | March 2018 or FBI110 |
Copies of the election notice and a covering letter to the noteholders are attached to this announcement.
Contact:
Sara Double
Treasurer
Phone: +64 9 525 9339
Fax: +64 9 525 9029
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