Ann: ALLOT: STU: Conversion of Shares to Fully Paid Shares

• Release Date: 27/11/14 16:11
• Summary: ALLOT: STU: Conversion of Shares to Fully Paid Shares
• Price Sensitive: No
• Download Document  1.63KB

					STU
27/11/2014 16:11
ALLOT
NOT PRICE SENSITIVE
REL: 1611 HRS Steel & Tube Holdings Limited

ALLOT: STU: Conversion of Shares to Fully Paid Shares

This notice is to advise that the number of shares Steel & Tube Holdings
Limited has on issue has increased from 88,454,240 to 88,464,240 as the
result of 10,000 partly paid shares now being fully paid.
As per 7.12.1 of the listing rules Steel & Tube Holdings Limited disclose the
following:
(a) Conversion from partly paid to ordinary shares, ISIN - NZSUTE0001S5;
(b) 10,000 partly paid shares transferred to fully paid ordinary shares;
(c) The acquisition price was $6.10 per share;
(d) Payment was made by cheque;
(e) A payment of 1 cent per share was made on application;
(f) The payment made totalled $60,940 or $6.09 per share, ($6.10 per share
less 1 cent already partly paid);
(g)  0.01%
(h) Payment required within 30 days of the call made by the Board on 24
November 2014 pursuant to a request by an eligible employee as set out in
Steel & Tube Holdings Limited 1993 share plan;
(i) The Steel & Tube Holdings Limited executive share plan rules set out the
Directors shall make a call in respect of the Scheme Shares to which the call
request relates within 14 days after the receipt of the request;
(j) Not applicable;
(k) The total number of fully paid ordinary shares after acquisition is
88,464,420 and 65,000 partly paid shares held on trust in the Steel & Tube
Holdings Limited executive share plan;
(l) Not applicable; and
(m) 27 November 2014.

For further information please contact Company Secretary, Janie Elrick on 04
570 5002.

Ends
End CA:00258204 For:STU    Type:ALLOT      Time:2014-11-27 16:11:39