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FLETCHER BUILDING LIMITED Major Shareholding Notification 2020

May 5, 2020

64902_rns_2020-05-05_224fe77a-26b5-41c6-968f-253bce1a327b.pdf

Major Shareholding Notification

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==> picture [144 x 57] intentionally omitted <==

Fletcher Building Limited Private Bag 92114 Auckland 1142 810 Great South Road Penrose Auckland 1061 New Zealand fletcherbuilding.com +64 9 525 9000

6 May 2020

Substantial Product Holder Notice – BlackRock, Inc. and related bodies corporate

Attached is the substantial product holder notice lodged by BlackRock, Inc. and related bodies corporate with NZX advising of their disclosure of ceasing to have substantial holding.

Authorised by: Andrew Clarke Company Secretary

For further information please contact:

INVESTORS AND ANALYSTS

Aleida White Head of Investor Relations +64 21 155 8837 [email protected]

Disclosure of ceasing to have substantial holding

Section 279, Financial Markets Conduct Act 2013

To : New Zealand Stock Exchange

and

To : Fletcher Building Limited

Date this disclosure made: 06 May 2020

Date last disclosure made: 06 April 2020

Date on which substantial holding ceased: 04 May 2020

Substantial product holder(s) giving disclosure

Full name(s): BlackRock, Inc. and related bodies corporate

Summary of previous substantial holding

Class of quoted voting products: ordinary shares

Summary for: Product holders listed in Appendix A

For last disclosure,—

  • (a) total number held in class: 41,294,077

  • (b) total in class: 824,256,416

  • (c) total percentage held in class: 5.010%

  • For current holding after ceasing to have substantial holding,—

  • (a) total number held in class: 41,185,696

  • (b) total in class: 824,256,416

  • (c) total percentage held in class: 4.997%

Details of transactions and events giving rise to ceasing of substantial holding

Details of the transactions or other events requiring disclosure: Refer to Appendix B

Additional information

Address(es) of substantial product holder(s): Refer to Appendix A

Contact details: Maria Tricarico, Tel +1-302-797-3901, Email [email protected]

Nature of connection between substantial product holders: Refer to Appendix A

Name of any other person believed to have given, or believed to be required to give, a disclosure under the Financial Markets Conduct Act 2013 in relation to the financial products to which this disclosure relates: Not Applicable

1

Certification

I, Maria Tricarico, certify that, to the best of my knowledge and belief, the information contained in this disclosure is correct and that I am duly authorised to make this disclosure by all persons for whom it is made.

2

Appendix A

Appendix A
Holder of Relevant Interests Class
CCY
Number of
Securities
%
Total Held in Class
Nature of
Association
Address
BlackRock (Netherlands) B.V. ORD
NZD
203,922
0.025%
subsidiary of
BlackRock Inc.
Rembrandt Tower, 17th floor
Amstelplein
Amsterdam Netherlands
BlackRock (Singapore) Limited ORD
NZD
36,683
0.004%
subsidiary of
BlackRock Inc.
20 Anson Road #18-01
079912 Singapore
BlackRock Advisors (UK) Limited ORD
NZD
4,264,809
0.517%
subsidiary of
BlackRock Inc.
12 Throgmorton Avenue.
London, EC2N 2DL,
United Kingdom
BLACKROCK ADVISORS, LLC ORD
NZD
439,267
0.053%
subsidiary of
BlackRock Inc.
1209 Orange Street,
Wilmington, New Castle
County,
Delaware 19801,United States
BlackRock Asset Management
Canada Limited		 ORD
NZD
670,460
0.081%
subsidiary of
BlackRock Inc.
161 Bay Street, Suite 2500
Toronto, Ontario M5J 2S1
Canada
BlackRock Asset Management North
Asia Limited		 ORD
NZD
33,225
0.004%
subsidiary of
BlackRock Inc.
16/F, Cheung Kong Center
No. 2 Queen’s Road Central
Hong Kong
BLACKROCK FINANCIAL
MANAGEMENT, INC.		 ORD
NZD
358,226
0.043%
subsidiary of
BlackRock Inc.
1209 Orange Street,
Wilmington, New Castle
County,
Delaware 19801,United States
BlackRock Fund Advisors ORD
NZD
11,513,198
1.397%
subsidiary of
BlackRock Inc.
400 Howard Street
San Francisco, CA, 94105
United States
BlackRock Institutional Trust
Company, National Association		 ORD
NZD
12,829,952
1.557%
subsidiary of
BlackRock Inc.
1225 17th Street,
Suite 300,
Denver, CO 80202 (Colorado,
USA)
BlackRock International Limited ORD
NZD
357,412
0.043%
subsidiary of
BlackRock Inc.
Exchange Place One,
1 Semple Street,
Edinburgh, EH3 8BL,
United Kingdom(Scotland,
BlackRock Investment Management
(Australia) Limited		 ORD
AUD
3,200,343
0.388%
subsidiary of
BlackRock Inc.
Level 26, 101 Collins Street
Melbourne VIC 3000
Australia (Victoria, Australia)
BlackRock Investment Management
(Australia) Limited		 ORD
NZD
349,063
0.042%
subsidiary of
BlackRock Inc.
Level 26, 101 Collins Street
Melbourne VIC 3000
Australia (Victoria, Australia)
BlackRock Investment Management
(UK) Limited		 ORD
NZD
5,362,375
0.651%
subsidiary of
BlackRock Inc.
12 Throgmorton Avenue
London EC2N 2DL
United Kingdom
BlackRock Investment Management,
LLC		 ORD
AUD
114,267
0.014%
subsidiary of
BlackRock Inc.
1209 Orange Street,
Wilmington,New Castle
BlackRock Investment Management,
LLC		 ORD
NZD
865,196
0.105%
subsidiary of
BlackRock Inc.
1209 Orange Street,
Wilmington,New Castle
BlackRock Japan Co., Ltd. ORD
NZD
587,298
0.071%
subsidiary of
BlackRock Inc.
Marunouchi Trust Tower Main,
1-8-3 Marunouchi,
Chiyoda-ku, Tokyo 100-8217

page 1 of 1

FBU

Appendix B

Fletcher Building Limited

Transaction
Date		 Person whose relevant interest changed Nature of change /
Consideration (NZD)		 Nature of change /
Consideration (NZD)		 Class and number of
securities affected		 Class and number of
securities affected		 Person's votes
affected
03-Apr-20 BlackRock Fund Advisors in specie n/a ORD 6,696 6,696
03-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.45 ORD -649 -649
03-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.45 ORD 129 129
03-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.45 ORD 483 483
03-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.45 ORD 4,690 4,690
03-Apr-20 BlackRock(Netherlands)B.V. on mkt buy 3.45 ORD 36,184 36,184
03-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.34 ORD 4,323 4,323
Limited
03-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.34 ORD 786 786
Limited
03-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.34 ORD 44,540 44,540
Limited
03-Apr-20 BlackRock Fund Advisors in specie n/a ORD 77,728 77,728
03-Apr-20 BlackRock Fund Advisors in specie n/a ORD -754 -754
06-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.33 ORD -10,135 -10,135
06-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.33 ORD 1,375 1,375
06-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.33 ORD -1,204 -1,204
06-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.33 ORD -1,040 -1,040
06-Apr-20 BlackRock Investment Management (UK) on mkt buy 3.33 ORD 39,775 39,775
Limited
06-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.33 ORD 2,381 2,381
07-Apr-20 BlackRock Fund Advisors in specie n/a ORD -10,532 -10,532
07-Apr-20 BlackRock Fund Advisors in specie n/a ORD -10,532 -10,532
07-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.45 ORD 356 356
07-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.45 ORD 237 237
07-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.45 ORD 358 358
07-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.45 ORD -4,050 -4,050
07-Apr-20 BlackRock Fund Advisors on mkt buy 3.45 ORD 6,014 6,014
07-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.43 ORD 3,930 3,930
Limited
07-Apr-20 BlackRock Fund Advisors in specie n/a ORD 1,542 1,542
07-Apr-20 BlackRock Fund Advisors in specie n/a ORD 4,980 4,980
07-Apr-20 BlackRock Fund Advisors in specie n/a ORD 2,832 2,832
08-Apr-20 BlackRock Fund Advisors in specie n/a ORD -20,728 -20,728
08-Apr-20 BlackRock Fund Advisors in specie n/a ORD -10,364 -10,364
08-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.50 ORD 17,685 17,685
Limited
08-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.45 ORD 2,224 2,224
08-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.45 ORD 672 672
08-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.45 ORD 2,224 2,224
08-Apr-20 BLACKROCK FINANCIAL MANAGEMENT, on mkt sell 3.45 ORD -6,795 -6,795
INC.
08-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.5 ORD 3,537 3,537
Limited
09-Apr-20 BlackRock Fund Advisors in specie n/a ORD -13,945 -13,945
09-Apr-20 BlackRock Japan Co.,Ltd. on mkt sell 3.55 ORD -12,445 -12,445
09-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.56 ORD 568 568
09-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.56 ORD 476 476
09-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.56 ORD 600 600
09-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.56 ORD 647 647
09-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.56 ORD -3,235 -3,235
09-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.56 ORD 482 482
09-Apr-20 BlackRock(Netherlands)B.V. on mkt buy 3.56 ORD 10,045 10,045
09-Apr-20 BlackRock Fund Advisors on mkt buy 3.56 ORD 3,318 3,318
09-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.63 ORD 1,965 1,965
Limited
13-Apr-20 BlackRock Fund Advisors in specie n/a ORD -22,432 -22,432
14-Apr-20 BlackRock Fund Advisors in specie n/a ORD -30,452 -30,452
14-Apr-20 BlackRock Fund Advisors in specie n/a ORD -7,944 -7,944

page 1 of 4

FBU

Transaction
Date		 Person whose relevant interest changed Nature of change /
Consideration (NZD)		 Nature of change /
Consideration (NZD)		 Class and number of
securities affected		 Class and number of
securities affected		 Person's votes
affected
14-Apr-20 BlackRock Fund Advisors in specie n/a ORD -31,776 -31,776
14-Apr-20 BlackRock Fund Advisors in specie n/a ORD -5,958 -5,958
14-Apr-20 BlackRock Fund Advisors in specie n/a ORD 8,928 8,928
14-Apr-20 BLACKROCK FINANCIAL MANAGEMENT, on mkt buy 3.79 ORD 7,578 7,578
INC.
14-Apr-20 BlackRock Fund Advisors on mkt buy 3.79 ORD 3,825 3,825
14-Apr-20 BLACKROCK ADVISORS,LLC on mkt buy 3.79 ORD 14,026 14,026
14-Apr-20 BlackRock Institutional Trust Company, on mkt buy 3.79 ORD 335 335
National Association
14-Apr-20 BlackRock Institutional Trust Company, on mkt buy 3.79 ORD 2,068 2,068
National Association
14-Apr-20 BLACKROCK ADVISORS,LLC on mkt buy 3.79 ORD 2,397 2,397
14-Apr-20 BlackRock International Limited on mkt buy 3.79 ORD 2,744 2,744
14-Apr-20 BlackRock Investment Management,LLC on mkt buy 3.79 ORD 3,053 3,053
15-Apr-20 BlackRock Institutional Trust Company, on mkt sell 4.05 ORD -951 -951
National Association
15-Apr-20 BlackRock Fund Advisors in specie n/a ORD -9,860 -9,860
15-Apr-20 BlackRock Fund Advisors in specie n/a ORD -12,325 -12,325
15-Apr-20 BlackRock Fund Advisors in specie n/a ORD -36,975 -36,975
15-Apr-20 BlackRock Fund Advisors in specie n/a ORD -11,288 -11,288
15-Apr-20 BLACKROCK FINANCIAL MANAGEMENT, on mkt buy 3.98 ORD 5,257 5,257
INC.
15-Apr-20 BlackRock Fund Advisors on mkt buy 3.98 ORD 2,653 2,653
15-Apr-20 BLACKROCK ADVISORS,LLC on mkt buy 3.98 ORD 9,730 9,730
15-Apr-20 BlackRock Institutional Trust Company, on mkt buy 3.98 ORD 232 232
National Association
15-Apr-20 BlackRock Institutional Trust Company, on mkt buy 3.98 ORD 1,435 1,435
National Association
15-Apr-20 BLACKROCK ADVISORS,LLC on mkt buy 3.98 ORD 1,663 1,663
15-Apr-20 BlackRock International Limited on mkt buy 3.98 ORD 1,904 1,904
15-Apr-20 BlackRock Investment Management,LLC on mkt buy 3.98 ORD 2,118 2,118
15-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 4.01 ORD 852 852
15-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 4.01 ORD -645 -645
15-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 4.01 ORD -12,750 -12,750
15-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 4.01 ORD 2,272 2,272
15-Apr-20 BlackRock Asset Management Canada on mkt buy 4.01 ORD 501 501
Limited
15-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 4.05 ORD 2,552 2,552
Limited
15-Apr-20 BlackRock Fund Advisors in specie n/a ORD 1,542 1,542
16-Apr-20 BlackRock Fund Advisors in specie n/a ORD -12,765 -12,765
16-Apr-20 BlackRock Fund Advisors in specie n/a ORD -16,525 -16,525
16-Apr-20 BlackRock Fund Advisors in specie n/a ORD 4,980 4,980
16-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.97 ORD 2,377 2,377
16-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.95 ORD -11,205 -11,205
16-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.97 ORD -3,435 -3,435
16-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.97 ORD 507 507
16-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.97 ORD 670 670
16-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.97 ORD 1,984 1,984
16-Apr-20 BlackRock Investment Management (UK) on mkt buy 3.97 ORD 22,500 22,500
Limited
16-Apr-20 BlackRock Institutional Trust Company, on mkt buy 3.97 ORD 224,456 224,456
National Association
16-Apr-20 BlackRock Fund Advisors on mkt sell 3.97 ORD -28,038 -28,038
16-Apr-20 BlackRock Institutional Trust Company, on mkt sell 3.97 ORD -39,129 -39,129
National Association
16-Apr-20 BlackRock Institutional Trust Company, on mkt sell 3.97 ORD -14,180 -14,180
National Association
17-Apr-20 BlackRock Fund Advisors in specie n/a ORD -20,496 -20,496
17-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 4.00 ORD -27,566 -27,566
17-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 4.00 ORD 1,674 1,674
17-Apr-20 BlackRock Institutional Trust Company, on mkt buy 4.00 ORD 8,104 8,104
National Association

page 2 of 4

FBU

Transaction
Date		 Person whose relevant interest changed Nature of change /
Consideration (NZD)		 Nature of change /
Consideration (NZD)		 Class and number of
securities affected		 Class and number of
securities affected		 Person's votes
affected
17-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.93 ORD 2,552 2,552
Limited
17-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.93 ORD 393 393
Limited
20-Apr-20 BlackRock Fund Advisors in specie n/a ORD -12,400 -12,400
20-Apr-20 BlackRock Fund Advisors in specie n/a ORD 3,735 3,735
20-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.96 ORD 3,978 3,978
20-Apr-20 BlackRock Institutional Trust Company, on mkt sell 3.96 ORD -7,194 -7,194
National Association
21-Apr-20 BlackRock Fund Advisors in specie n/a ORD -9,920 -9,920
21-Apr-20 BlackRock Fund Advisors in specie n/a ORD -13,220 -13,220
21-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.79 ORD -3,420 -3,420
21-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.79 ORD 507 507
21-Apr-20 BlackRock Institutional Trust Company, on mkt buy 3.79 ORD 147,591 147,591
National Association
21-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.74 ORD 3,537 3,537
Limited
21-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.74 ORD 393 393
Limited
22-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.61 ORD -1,040 -1,040
22-Apr-20 BlackRock Investment Management (Australia)
on mkt buy		 3.66 ORD 1,572 1,572
Limited
23-Apr-20 BlackRock Fund Advisors in specie n/a ORD -17,493 -17,493
23-Apr-20 BlackRock Fund Advisors in specie n/a ORD -17,493 -17,493
23-Apr-20 BlackRock Fund Advisors in specie n/a ORD -6,700 -6,700
23-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.65 ORD -903 -903
23-Apr-20 BlackRock Investment Management (UK) on mkt sell 3.65 ORD -21,253 -21,253
Limited
23-Apr-20 BlackRock Fund Advisors in specie n/a ORD -2,262 -2,262
24-Apr-20 BlackRock Fund Advisors in specie n/a ORD -10,352 -10,352
24-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.60 ORD -624 -624
24-Apr-20 BlackRock Institutional Trust Company, on mkt buy 3.60 ORD 5,652 5,652
24-Apr-20 BlackRock Institutional Trust Company, on mkt buy 3.60 ORD 1,557 1,557
24-Apr-20 BlackRock Investment Management(Australia) on mkt buy 3.59 ORD 786 786
27-Apr-20 BlackRock Fund Advisors in specie n/a ORD -18,088 -18,088
27-Apr-20 BlackRock Fund Advisors in specie n/a ORD -10,336 -10,336
27-Apr-20 BlackRock Fund Advisors in specie n/a ORD -10,268 -10,268
27-Apr-20 BlackRock Investment Management(Australia) on mkt sell 3.61 ORD -15,312 -15,312
28-Apr-20 BlackRock Fund Advisors in specie n/a ORD -10,904 -10,904
28-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.63 ORD -600 -600
28-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.63 ORD -1,340 -1,340
28-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.63 ORD -828 -828
28-Apr-20 BlackRock Asset Management North Asia on mkt sell 3.63 ORD -12,374 -12,374
28-Apr-20 BlackRock Investment Management(Australia) on mkt buy 3.60 ORD 24,791 24,791
28-Apr-20 BlackRock Fund Advisors in specie n/a ORD 6,225 6,225
28-Apr-20 BlackRock Fund Advisors in specie n/a ORD 4,980 4,980
29-Apr-20 BlackRock Fund Advisors in specie n/a ORD -4,464 -4,464
29-Apr-20 BlackRock Fund Advisors in specie n/a ORD -17,535 -17,535
29-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.69 ORD 697 697
29-Apr-20 BlackRock Advisors(UK)Limited on mkt buy 3.69 ORD 697 697
29-Apr-20 BlackRock Investment Management(Australia) on mkt buy 3.66 ORD 786 786
29-Apr-20 BlackRock Fund Advisors in specie n/a ORD -17,535 -17,535
30-Apr-20 BlackRock Fund Advisors in specie n/a ORD -17,451 -17,451
30-Apr-20 BlackRock Fund Advisors in specie n/a ORD -9,972 -9,972
30-Apr-20 BlackRock Institutional Trust Company, in specie n/a ORD 42,583 42,583
30-Apr-20 BlackRock Institutional Trust Company, in specie n/a ORD -42,583 -42,583
30-Apr-20 BlackRock Advisors(UK)Limited on mkt sell 3.70 ORD -113,382 -113,382
30-Apr-20 BlackRock Fund Advisors on mkt sell 3.70 ORD -52,428 -52,428
30-Apr-20 BlackRock Institutional Trust Company, on mkt sell 3.70 ORD -1,515 -1,515
30-Apr-20 BlackRock Investment Management(Australia) on mkt buy 3.71 ORD 1,179 1,179
30-Apr-20 BlackRock Investment Management(Australia) on mkt buy 3.71 ORD 786 786
01-May-20 BlackRock Investment Management(Australia) on mkt buy 3.52 ORD 3,144 3,144
01-May-20 BlackRock Fund Advisors in specie n/a ORD -19,557 -19,557
04-May-20 BlackRock Fund Advisors in specie n/a ORD -31,224 -31,224

page 3 of 4

FBU

Transaction
Date		 Person whose relevant interest changed Nature of change /
Consideration (NZD)		 Class and number of
securities affected		 Person's votes
affected
04-May-20 BlackRock Advisors(UK)Limited on mkt sell
3.56		 ORD
-521		 -521
04-May-20 BlackRock Investment Management(Australia) on mkt buy
3.58		 ORD
393		 393

page 4 of 4

FBU

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