Fletcher Building Limited (FRCEF) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Fletcher Building Limited has issued 47,047,240 new ordinary shares as part of its Retail Entitlement Offer, initially announced on September 23, 2024. Priced at NZ$2.40 each, these shares represent a 4.577% increase in the company’s total shares, which now number 1,074,897,372 excluding any held as Treasury Stock. The offer, which is not available in the United States, has been executed to expand the company’s capital base.
For further insights into FRCEF stock, check out TipRanks’ Stock Analysis page.