Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Fletcher Challenge Forests Share Put Option Lapses

FLETCHER CHALLENGE FORESTS SHARE PUT OPTION LAPSES

AUCKLAND, 23 April 2001 - The right of Rubicon Limited (Rubicon) to put up to 117 million Fletcher Challenge Forests Preference Shares to Fletcher Building Limited (Fletcher Building) has lapsed without being exercised.

As part of the transactions giving rise to the separation of the Fletcher Challenge Group, Fletcher Building granted an option to Rubicon to put to Fletcher Building at a price of $0.25 per share up to 117 million of the 267 million Fletcher Challenge Forests Preference Shares acquired by Rubicon as part of the sub-underwriting arrangements entered into in connection with the Fletcher Challenge Forests rights issue completed in December 2000. That option was exercisable by Rubicon up to 22 April 2001 and has now lapsed.

Fletcher Building does not own any Fletcher Challenge Forests shares.

Ends

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

"Broad-Based Growth": GDP Rises 1 Percent In June Quarter

Gross domestic product (GDP) rose 1.0 percent in the June 2018 quarter, up from 0.5 percent last quarter, Stats NZ said today. This is the largest quarterly rise in two years. More>>

ALSO:

Judicial Review: China Steel Tarrif Rethink Ordered

On 5 July 2017 the Minister determined not to impose duties on Chinese galvanised steel coil imports. NZ Steel applied for judicial review of the Minister’s decision. More>>

Debt: NZ Banks Accelerate Lending In June Quarter

New Zealand's nine major lenders boosted lending at the fastest quarterly pace in almost two years as fears over bad debts subsided. More>>

ALSO:

Balance Of Trade: Annual Current Account Deficit Widens To $9.5 Billion

New Zealand’s current account deficit for the year ended June 2018 widened to $9.5 billion, 3.3 percent of GDP, Stats NZ said today. More>>

ALSO: