Fletcher's share price drops amid Gib fallout

Sam Stubbs says Simplicity wants to have a chat to Fletcher's "in our role as a shareholder". (Image: Simplicity)

Tue, 14 Jun 2022

Finance entrepreneur Sam Stubbs hopes his ‘please explain’ meeting this Friday with Fletcher Building will reinforce the impact of the plasterboard crisis on the sector.Stubbs’ ethical KiwiSaver initiative Simplicity holds $35 million worth of stock or about 0.8% of the share capital in NZ’s biggest building company. The meeting has been called after its build-to-rent arm, Simplicity Living, this week cancelled its contracts for the purchase of Gib-branded board for its first tranche of 560 homes being built in Auck...

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