Forum Archive Index - October 2000

["G.P.Thompson" <gp.thompson@bitworks.co.nz>]

Here's the requisite statement to the stock exchange re FFS.

At least it shows that they have noticed the slide.

A target date for an announcement would have been handy.

GPT

 

MSP: FFS:  FLETCHER CHALLENGE FORESTS - SHARE PRICE ENQUIRY

In response to the 17 cents per share decrease in the price of the Fletcher
Challenge Forests share, to 63 cents since 3 October, the Chief Executive
Officer of Fletcher Challenge Limited, Mr Michael Andrews, advised the New
Zealand Stock Exchange today that as previously indicated, intensive and
comprehensive work on the separation process of the company's targeted stock
structure, is continuing. _
_
However, he added that Fletcher Challenge is currently not in a position to
make any further statement regarding that process.  The company has kept the
market fully informed of the alternatives being pursued._
_
Mr Andrews reiterated when arrangements are finalised, an announcement will
be made. _