Trading Halt Requested
Request for Trading Halt
Auckland, February 8 2018: Fletcher Building has today requested a trading halt of its shares and capital
notes on the NZX and ASX exchanges. The trading halt has been sought because the Company is in the
process of reviewing the key projects in its Building and Interiors (B+I) business as part of the preparation
of the Group accounts for the six months ended 31 December 2017.
Although the project reviews are not yet complete, the current expectation of the Board is that there will
be further material losses in the B+I business beyond what was provided for in October 2017. Once the
extent of those further losses is determined and provided for, it is expected that this would result in a
breach of one or more of the covenants in the Group’s financing arrangements.
The Company expects the trading halt to continue until the commencement of trading on Monday
12 February 2018 prior to which it will provide to the market the results of its review.
#Ends
For further information please contact:
Leela Gantman Rodney Deacon
Head of Communications Head of Investor Relations
+64 27 541 6338 +64 21 631 074
Leela.gantman@fbu.com Rodney.deacon@fbu.com
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
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