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- Release Date: 01/07/13 14:18
- Summary: CONV: STU: Conversion of shares to fully paid shares
- Price Sensitive: No
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STU
01/07/2013 12:16
CONV
REL: 1216 HRS Steel & Tube Holdings Limited
CONV: 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 88,427,240 to 88,444,240 as the
result of 17,000 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) 17,000 partly paid shares transferred to fully paid ordinary shares;
(c) The acquisition price was $4.18 per share;
(d) Payment was made by cheque;
(e) The payment made totalled $70,890 or $4.17 per share, ($4.18 per share
less 1 cent already partly paid);
(f) 0.02%
(g) Payment required within 20 years of the date of allotment as set out in
Steel & Tube Holdings Limited 1993 share plan;
(h) The Steel & Tube Holdings Limited executive share plan rules set out
compulsory acquisition prior to the 20 year anniversary of the date of
allotment;
(i) Not applicable;
(j) The total number of fully paid ordinary shares after acquisition is
88,444,420 and 85,000 partly paid shares held on trust in the Steel & Tube
Holdings Limited executive share plan;
(k) Not applicable; and
(l) 28 June 2013.
For further information please contact Chief Executive Officer, Dave Taylor
on 04 570 5001.
End CA:00238040 For:STU Type:CONV Time:2013-07-01 12:18:23
