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 new shares to raise approximately NZ$587 million through a combined placement and institutional entitlement offer, with an additional NZ$113 million expected from the retail component. Existing eligible institutional shareholders were given priority in the allocation of new shares, with the aim of fair treatment and minimization of dilution. Retail shareholders are reminded of the closing date for the retail entitlement offer, which allows them the option to purchase additional shares to mitigate dilution effects.
For further insights into FRCEF stock, check out TipRanks’ Stock Analysis page.