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STOCK EXCHANGE LISTINGS Fletcher Building's ordinary shares are listed and quoted on the Main Board of NZX Limited and the Australian Securities Exchange (ASX) under the company code 'FBU'. Fletcher Building's listing on the ASX is as a Foreign Exempt Listing. Fletcher Building must comply with the NZX Listing Rules, but is exempt from almost all of the ASX Listing Rules. For the purposes of ASX Listing Rule 1.15.3, Fletcher Building confirms that it continues to comply with the NZX Listing Rules. In addition, Fletcher Building Limited maintains a sponsored Level 1 American Depositary Receipt (ADR) program with Deutsche Bank Trust Company Americas (Deutsche Bank). The ADRs trade over the counter in the United States of America (US) under the ticker code 'FCREY', with each ADR representing two ordinary Fletcher Building shares. US investors may prefer to purchase ADRs rather than ordinary shares in Fletcher Building's home market because ADRs trade, clear and settle according to US market conventions. EXERCISE OF NZX DISCIPLINARY POWERS Neither NZX or ASX has taken any disciplinary action against Fletcher Building during the financial year ended 30 June 2018. In particular there was no exercise of powers by NZX under NZX Listing Rule 5.4.2 (relating to powers to cancel, suspend or censure an issuer) with respect to Fletcher Building during the reporting period. NZX WAIVERS On 16 April 2018, NZX Regulation granted Fletcher Building a waiver from NZX Listing Rule 7.11.1 in respect of the 1 for 4.46 accelerated pro rata entitlement offer announced by Fletcher Building on 17 April 2018 (the Offer), to enable Fletcher Building to allot the new shares under the institutional entitlement offer six business days after the close of the institutional entitlement offer. Fletcher Building also relied on the NZX class waiver for accelerated entitlement offers, dated 13 June 2017, in respect of the Offer. DISTRIBUTION OF SHAREHOLDERS AND HOLDINGS AS AT 30 JUNE 2018 The total number of voting securities of Fletcher Building at 30 June 2018 was 853,347,141 fully paid ordinary shares, each conferring on the registered holder the right to one vote on a poll at a meeting of shareholders.
Number of shareholders
% of shareholders
Number of ordinary shares
% of ordinary shares
Size of holding
1 – 1,000
16,069 14,450
44.43 39.95
6,881,556 34,517,637 23,064,336 48,365,077 740,518,535 853,347,141
0.81 4.04 2.70 5.67
1,001 – 5,000 5,001 – 10,000 10,001 – 100,000 100,001 and over
3,283 2,224
9.08 6.15 0.39
140
86.78
Total
36,166
100.00
100.00
SUBSTANTIAL PRODUCT HOLDERS According to notices given under the Financial Markets Conduct Act 2013, the following persons were substantial product holders of the Company as at 30 June 2018. The total number of voting securities of Fletcher Building Limited at 30 June 2018 was 853,347,141 fully paid ordinary shares.
Number of ordinary shares in which relevant interest is held
Substantial product holder
Date of notice 15 May 2018 13 April 2018 19 March 2018
Perpetual Limited and subsidiaries
67,738,370 35,786,943 41,967,254 32,150,024
Ellerston Capital Limited
Commonwealth Bank of Australia
Schroder Investment Management (Australia) Limited
28 November 2017
119 Fletcher Building Limited Annual Report 2018
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