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Statutory Disclosures
INFORMATION USED BY DIRECTORS There were no notices from directors of the Company requesting to disclose or use Company information received in their capacity as directors. INDEMNITY AND INSURANCE In accordance with section 162 of the Companies Act 1993 and the constitution of the Company, Fletcher Building has continued to indemnify and insure its directors, executives and employees acting on behalf of the Company, against potential liability or costs incurred in any proceeding, except to the extent prohibited by law. The insurance does not cover liabilities arising from criminal actions. DIRECTORS HOLDING OF SECURITIES The Board Charter requires non-executive directors (or their associates) to hold at least 20,000 shares in the Company to demonstrate their commitment and alignment with the Company. This shareholding can be acquired at any time prior to the annual shareholders' meeting at which they are first subject to re-election. Non-executive directors do not participate in any Company share or option plan. Disclosure of Directors' interests in securities Securities of the Company in which each director has a relevant interest at 30 June 2018: Director Ordinary Shares Capital Notes Sir Ralph Norris (Chairman) 32,626 Antony Carter 67,019 150,000 Bruce Hassall 12,242 Alan Jackson 30,606 Cecilia Tarrant 31,530 Steve Vamos 15,915 Disclosure of Directors' interests in share transactions Directors disclosed, pursuant to section 148 of the Companies Act 1993, the following acquisitions and dispositions of beneficial/ non-beneficial relevant interests in Fletcher Building shares during the year ended 30 June 2018:
Sir Ralph Norris
Antony Carter
Bruce Hassall
Alan Jackson
Cecilia Tarrant
Steve Vamos
Number of shares
Transaction
On-market purchase of shares on 2 November 2017 at a consideration of $52,734. On-market purchase of shares on 15 November 2017 at a consideration of $70,800. Off-market purchase of shares on 20 November 2017 at a consideration of $34,900. Off-market purchase of shares on 13 December 2017 at a consideration of $6,970. Acquisition of shares under the Dividend Reinvestment Plan (DRP) on 11 October 2017 at a DRP issue price of NZ$7.8950. Acquisition of new shares on 18 May 2018, at an issue price of NZ$4.80 per new share or A$4.51 per new share, under the retail entitlement component of an accelerated 1 for 4.46 pro rata entitlement offer announced by Fletcher Building on 17 April 2018.
7,500
10,000
5,000
1,000
78
550
5,795
12,275
2,242
5,606
5,409
2,915
118 Fletcher Building Limited Annual Report 2018
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