Why invest in FBuShare?

Get share rewards after 3 years

The best thing about investing in FBuShare is that you get one free Award Share for every two shares purchased in the first year of the three-year qualification period and still own at the end of that period.

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For Fletcher Building employees only

FBuShare is an exclusive offer for Fletcher Building employees only. You must be a full or part-time permanent employee of the Fletcher Building Group. For more information read this.

Deductions from your pay make it simple

FBuShare is designed to make it easy for you to keep investing in Fletcher Building. All you have to do is decide how much you want to invest from your after-tax pay, and complete an application to join FBuShare. We take care of the rest. Deductions are made from your regular pay.

How does FBuShare work?

  1. Invitation sent

    Eligible employees will receive an invitation to apply to join FBuShare.

  2. Plan Window

    Applications to join FBuShare can be made any time on or after 1 March and before 11.59pm New Zealand time on 25 March.

  3. Payment

    Your Annual Investment Amount will be divided by the number of salary or wage payments you receive in the year.

  4. Check Online

    Your contributions and shares can be viewed by loging in to your online FBuShare portfolio.

Employees will be invited to join FBuShare 2015

On 1 March 2015, eligible employees of the Fletcher Building Group in the nineteen countries where the March 2015 offer is being made are sent an invitation to apply to join FBuShare.

Where the Group holds an email address for you, your invitation will be sent to your email address. If the Group does not have an email address for you, your invitation will be mailed to your postal address.

If you don't receive an invitation by 3 March or you're not sure whether you are eligible, check with your team leader or Human Resources.

Choose your Annual Investment Amount

You can choose the annual amount you wish to invest from your after-tax pay, subject to certain maximum and minimum annual amounts, which are set out in the Information Guide. This is your Annual Investment Amount.

FBuShare is flexible

You can increase the amount you invest (up to a maximum of NZ$5,000 a year, or the equivalent in other currencies), decrease the amount you invest (to a minimum of NZ$250 a year, or the equivalent in other currencies), suspend participation in the Plan, or withdraw from the Plan altogether during the Plan window (which is a period in March each year specified by Fletcher Building). You can also choose to sell some or all of your shares at any time – but if you sell your shares before the end of the Qualification Period you will no longer be entitled to Award Shares on those sold shares.

Regular Payments

Your Annual Investment Amount will be divided by the number of after-tax payments you receive in the year, and the resulting amount will be deducted from each after-tax payment you receive (your Regular Payment). For example, if your Annual Investment Amount is NZ$3,600 and you are paid monthly, your Regular Payment will be NZ$300.

Purchased Shares

Your Regular Payment will be used to purchase shares in Fletcher Building on the NZSX or the ASX each month – these shares are called Purchased Shares.

Additional Shares

If Fletcher Building declares a dividend in respect of shares that you hold in the Plan, the net cash amount of that dividend will be used to acquire additional shares, and these too will be held in the Plan. You may also become entitled to additional shares if the company undertakes a rights issue or bonus issue. These additional shares are referred to as Additional Shares and will also be held in the Plan.

Award shares

If you remain employed within the Fletcher Building Group (in most circumstances) and retain ownership of your Purchased Shares for three years (the Qualification Period), you will receive 1 free share (Award Share) for every 2 Purchased Shares acquired using Regular Payments made in the first year of the Qualification Period. You will also be entitled to Award Shares on any Additional Shares on a similar basis.

Qualification Period

If you remain employed within the Fletcher Building Group (in most circumstances) and retain ownership of your Purchased Shares for three years (the Qualification Period), you will receive 1 free share (Award Share) for every 2 Purchased Shares acquired using Regular Payments made in the first year of the Qualification Period. You will also be entitled to Award Shares on any Additional Shares on a similar basis.

Remaining in the Plan

Once you join, you will remain in the Plan and will continue to invest the same Annual Investment Amount unless you vary your Annual Investment Amount, suspend your participation in the Plan or withdraw from the Plan.

Voting rights

As a Fletcher Building shareholder you will have full voting rights on any shares that you hold in the Plan.

Investing from China or Fiji

If you are employed in a country where it is not possible or practicable due to local laws to offer shares (such as in China or Fiji), you will be invited to participate in a phantom plan. The phantom plan will operate in the same way as the share plan, except that no actual shares will be physically purchased, held or sold. Instead the phantom plan will reflect the cash equivalent of the share plan.

How do I apply for FBuShare?

There are two ways to apply.

Applying online

Click here to access your online application.

You will need to enter your last name and employee identification number as it appears in your invitation to login and apply.

Once the application is complete, a confirmation number will be provided. The confirmation number should be kept as a record of your application. If you entered a valid email address during your application, you will also be sent an email confirming that your application has been received.

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How do I apply for FBuShare?

There are two ways to apply.

Application form

If you are unable to apply online please contact your local payroll contact for assistance. You will be required to complete a hardcopy application form and return it to your local payroll contact who will then complete an online application on your behalf.

Your local payroll contact should provide you with a print out of the confirmation information for you to keep for your records. If your local payroll contact cannot provide assistance, please approach your Human Resources contact.

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Already in FBuShare?

If you are currently participating in FBuShare you will receive an email notifying you when the Plan Window is open. You have the following options during the March 2014 Plan Window:

Continue to contribute

To continue participating in FBuShare at your current Annual Investment Amount, you don't need to do anything. Please be aware that if you have previously applied to contribute at the maximum Annual Investment Amount and the maximum Annual Investment Amount decreases, your contributions will automatically be reduced to the new maximum Annual Investment Amount – see  the Information Guide for an explanation.

Maximum Annual Investment Amount increases

In some countries the maximum Annual Investment Amount has been increased to reflect the changes in exchange rates. Your Annual Investment Amount will not be increased automatically to the new level, but will stay at your current contribution amount. If you wish to contribute at the increased maximum Annual Investment Amount, then you will need to vary your participation – see the Information Guide for maximum and minimum investment amounts.

Stop your contributions

Click here if you wish to stop your FBuShare contributions. You will need to enter your last name and employee identification number as it appears in your invitation to login and stop your contributions.

Once you cancel your preloaded application, a confirmation number will be provided. The confirmation number should be kept as a record of stopping of your contributions. You will also be sent an email confirming that your request to stop your FBuShare contributions has been received.

Vary your Annual Investment Amount

Click here if you wish to vary your Annual Investment Amount (within the maximum and minimum Annual Investment Amounts set by the Company). You will need to enter your last name and employee identification number as it appears in your invitation to login and amend your Annual Investment Amount. 

Once the amendment is complete, a confirmation number will be provided. The confirmation number should be kept as a record of your amendment. You will also be sent an email confirming that your amendment has been received. Pay deductions for your new Annual Investment Amount will start as soon as practical after 1 April 2014.

Suspend participation in FBuShare

If you suspend participation in FBuShare for the Plan Year commencing 1 April 2014, you will cease to make contributions to the Plan and no further Purchased Shares will be acquired on your behalf. However, any Purchased Shares that you have already accumulated in FBuShare will be held in the Plan in your name and you will retain your right to receive Award Shares on those Purchased Shares (provided you meet the Award Conditions). 

Click here if you wish to suspend participation in FBuShare. You will need to enter your last name and employee identification number as it appears in your invitation to login and suspend your contributions.

Your current pay deductions will stop from 1 April 2014. You can recommence participation in FBuShare during the next Plan Window in March 2015 or any Plan Window after that (if FBuShare continues to be offered in future years). Once you have suspended your contributions, a confirmation number will be provided. The confirmation number should be kept as a record of the suspension of your contributions. You will also be sent an email confirming that your suspension has been received.

Withdraw from FBuShare

If you withdraw from FBuShare you will cease participating in FBuShare and all of your Purchased Shares will be withdrawn from FBuShare. You will no longer be eligible to receive Award Shares on the Purchased Shares you have accumulated in the Plan.

If you wish to withdraw from FBuShare, then follow the instructions for stopping contributions to FBuShare. Your current pay deductions will stop from 1 April 2014. At the end of April 2014 you should take steps to sell or transfer all of your shares out of FBuShare, through the FBuShare online sale facility at www.computershare.com/fbushare. Any sales of shares must be made in compliance with insider trading laws and Fletcher Building's securities trading policy.

You can reapply to participate in FBuShare during the next Plan Window in March 2015 or any Plan Window after that (if FBuShare continues to be offered in future years).

Joined FBuShare in 2011?

FBuShare turns three shortly and more than 3,700 existing employees who joined FBuShare in 2011 will soon be eligible for the first ever Award Shares in April 2014.

What is FBuShare vesting?

FBuShare vesting is the allocation of Award Shares or Phantom Award Shares to participants who joined FBuShare in either March or October 2011 and who still hold Purchased Shares or Phantom Purchased Shares acquired in the 2011 plan year on 1 April 2014.

What happens on 1 April 2014 for FBuShare share plan participants?

Your 2011 Award Shares will be allocated to you based on the number of Purchased Shares and Dividend Shares acquired in the 2011 plan year and still held on your behalf in the FBuShare portfolio. Please refer to Allocation of Award Shares for more information.

In some countries the Plan Administrator will manage the sale of sufficient shares to cover any applicable withholding tax obligations. Please refer to the Tax on Award Shares for a list of these countries.

What happens after 1 April 2014 for FBuShare share plan participants?

Your Purchased and Award Shares (less any withholding tax) will continue to be held in the FBuShare portfolio. The reasons for this are described in the FBuShare portfolio.

However, you will be able to sell or transfer your shares at any time, subject to the operation of Fletcher Building’s securities trading policy. Please refer to the Selling shares and Transferring shares for further information.

What happens at vesting for FBuShare phantom plan participants?

For participants in China and Fiji, your 2011 Phantom Award Shares will be allocated to you with your Phantom Purchased Shares and Phantom Dividend Shares. As soon as practical after 1 April 2014 the value of all of the 2011 Phantom Purchased Shares, Phantom Dividend Shares and Phantom Award Shares will automatically be paid to you through payroll. Please refer to the Phantom Plan valuation and pay-out for further information.

FBuShare member login

Further Information

You should read the following details before investing:

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