Fletcher Building Limited has successfully completed its on-market share buyback programme, acquiring 41,212,820 shares with a total aggregate cost of NZD$273.5 million.
The total number of shares on issue following the completion of the buyback is 783,043,596.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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