Memorandum
To: Market Participants
From: NZX Product Operations
Date: Friday, 13 October 2023
Subject: Fletcher Building Limited (“FBU”) – Trading Halt Extension
Message:
NZ RegCo refers to the trading halt that was placed on Fletcher Building Limited’s (“FBU”) equity securities at the request of the company, on Wednesday, 11 October 2023.
NZ RegCo has agreed, at FBU’s request, to extend the trading halt until the close of business on Friday, 13 October 2023, with trading to resume at market open on Monday, 16 October 2023.
Further to the announcement of Wednesday, 11 October 2023, FBU advises that it has obtained a copy of the presentation given to media and analysts by BGC (Australia) Pty Ltd (“BGC”) relating to the Iplex Australia Pro-fit pipes. FBU is currently preparing a response to that presentation, which it expects to release during the course of Friday, 13 October 2023. The extension to the trading halt will enable the market to consider FBU’s response before trading recommences on Monday, 16 October 2023.
Please contact NZX Product Operations on +64 4 496 2853 or [email protected] with any queries.
ENDS
The S&P/NZX 50 Index is down 1.5% since the beginning of the year.
Pacific Edge is on a trading halt until Monday.
The downgrade comes ahead of Jan 26, when Briscoe's financial year ends.
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