Fletcher Building Limited (“FBU”) – Halt of Securities

NZX Limited
Level 2, NZX Centre
11 Cable Street
PO Box 2959
Wellington 6140
New Zealand
Tel +64 4 472 7599

www.nzx.com

Memorandum

To:
Market Participants
From:
NZX Product Operations
Date:
Friday, 30 August 2024
Subject
: Fletcher Building Limited (“FBU”) – Trading Halt of Securities


Message
:
NZ RegCo has approved a trading halt application from Fletcher Building Limited (“FBU”).
Trading in FBU equity securities was halted prior to market pre-open today.

Attached is the trading halt application, for further information.

Please contact NZX Product Operations on +64 4 496 2853 or productoperations@nzx.com
with any queries.

ENDS

---

Fletcher Building
Limited
Private Bag 92114
Auckland 1142
810 Great South Road
Penrose
Auckland 1061
New Zealand

fletcherbuilding.com
+64 9 525 9000



29 August 2024

To: ASX Limited
20 Bridge St
Sydney NSW 2000
Australia
TradingHaltsNZ@asx.com.au
NZ RegCo
11 Cable St
Wellington
New Zealand
issuer@nzregco.com

Request for trading halt: Fletcher Building Limited (ASX Code: FBU, NZX Code: FBU)

We request a trading halt to be applied to our ordinary shares (NZFBUE0001S0) under ASX Listing Rule
17.1 and NZX Listing Rule 9.9.1(a) and set out below details of the request as per the rules of each of
ASX and NZX.
We would like the trading halt to commence immediately prior to commencement of trading tomorrow, 30
August 2024.
Reasons for trading halt:
FBU has previously advised the market concerning complaints received in respect of the Iplex Australia
Pro-fit pipe product. The complaints relate to leaks in homes, primarily built by group home builders in
Western Australia.
As previously advised to the market, FBU has been in mediation with stakeholders, including the
Government of Western Australia, in relation to the development of a joint industry response to this issue.
FBU expects the Government of Western Australia to make an announcement about this issue during the
course of the day tomorrow in Perth (which is 4 hours behind NZT). This announcement is expected to
outline whether the Government of Western Australia will accept a joint industry response to this issue.
This information is believed to be material information in respect of FBU's ordinary shares and accordingly
a trading halt in respect of that security is requested.
How long we want the trading halt to last:
The trading halt is requested to remain in place until FBU makes its own announcement in respect of the
Iplex Australia Pro-fit pipe product issues in response to that of the Government of Western Australia.
It is expected that the announcement from the Government of Western Australia will take place during
the course of tomorrow, with FBU's announcement to be made shortly thereafter.
The maximum duration of the trading halt is accordingly until the end of trading on 30 August 2024 (in
respect of both NZX and ASX).

2


The event we expect to happen that will end the trading halt:
The event we expect to happen that will end the trading halt is the release of FBU's announcement after
the announcement from the Government of Western Australia in respect of the Iplex Australia Pro-fit pipe
product issues. FBU expects that its announcement will be followed by an investor call. FBU will release
details of that investor call as part of its announcement.
Other information necessary to inform the market about the trading halt or that ASX or NZ RegCo
have requested:
FBU does not believe that there is any other information necessary to inform the market about the trading
halt.
We confirm that we are not aware of any reason why the trading halt should not be granted.
Yours sincerely

Haydn Wong
Group General Counsel and Company Secretary