Fletcher Building Completes Major Equity Raise
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Fletcher Building Completes Major Equity Raise

Fletcher Building Limited (FRCEF) has released an update.

Fletcher Building Limited, a New Zealand-based company, has announced the successful completion of its NZ$700 million equity raise, which includes both a placement and a Retail Entitlement Offer. The Retail Entitlement Offer alone resulted in approximately NZ$113 million in gross proceeds, with an effective take-up rate by Eligible Retail Shareholders of about 73%. The new shares issued will start trading on the NZX Main Board and ASX from 15 October 2024, ranking equally with existing shares.

For further insights into FRCEF stock, check out TipRanks’ Stock Analysis page.

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