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Fletcher Building Limited ( (FRCEF) ) has shared an announcement.
Allan Gray Australia Pty Ltd and its related entities have increased their substantial holding in Fletcher Building to 212,288,501 ordinary shares, representing 19.749% of the company’s voting stock, up from 18.731% previously. The change follows a series of on-market trades, dividend reinvestments, in‑specie transfers and participation in capital raisings between October 2024 and June 2025, consolidating Allan Gray’s position as a major institutional shareholder and potentially strengthening long‑term support in Fletcher Building’s register.
More about Fletcher Building Limited
Fletcher Building Limited is a New Zealand-based building materials and construction company. It manufactures and distributes products such as cement, concrete, steel, and laminates, and is involved in residential and commercial construction and infrastructure projects across New Zealand and Australia.
For an in-depth examination of FRCEF stock, go to TipRanks’ Overview page.