Auckland, 13 March 2023: Fletcher Building Limited (FBL) has been served by an Australian law firm with a shareholder class action filed in the Supreme Court of Victoria. The claim is brought by persons who acquired shares on the New Zealand Main Board and the Australian Stock Exchange between 17 August 2016 and 23 October 2017 and relates to FBL’s disclosures regarding its Building + Interiors business in that period.
FBL intends to defend the proceedings.
Authorised by:
Chris Reid
Company Secretary
For further information please contact:
MEDIA
Christian May
General Manager – Group Corporate Affairs
+64 21 305 398
[email protected]
INVESTORS AND ANALYSTS
Aleida White
Head of Investor Relations
+64 21 155 8837
[email protected]
The S&P/NZX 50 Index closed at 12,266.25, gaining 57.2 points or 0.47%.
Goldman Sach analysts have a 12-month target price of A$2.85 ($3.14).
An investment firm bought the stake, which included 116,145 hectares of forestry.
To join your company account for BusinessDesk and enjoy full access, enter your email and we’ll send you details