Ann: SSH: STU: SSH Notice - Accident Compensation Corporation

• Release Date: 04/05/15 15:57
• Summary: SSH: STU: SSH Notice - Accident Compensation Corporation
• Price Sensitive: No
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					STU
04/05/2015 15:57
SSH
NOT PRICE SENSITIVE
REL: 1557 HRS Steel & Tube Holdings Limited

SSH: STU: SSH Notice - Accident Compensation Corporation

Disclosure of beginning to have substantial holding
Section 276, Financial Markets Conduct Act 2013

To NZX Limited
and
To Steel & Tube Holdings Limited

Date this disclosure made: 4 May 2015
Date on which substantial holding began: 1 May 2015
Substantial product holder(s) giving disclosure

Full Name(s): Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper,
Jason Familton

Summary of substantial holding to which disclosure relates
Class of quoted voting products: Ordinary Shares (STU)
Summary for: Accident Compensation Corporation ("ACC")
Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper,
Jason Familton
For this disclosure,--
(a) Total number held in class: 4,425,696
(b) Total in class: 88,464,240
(c) Total percentage held in class:  5.003%
Details of relevant interests
Details for ACC
Nature of relevant interest(s):
Beneficial owner of securities under Section 235(1)(b) of the Financial
Markets Conduct Act
No relevant agreement document needs to be attached under regulation 139.
For that relevant interest,--
(a) Number held in class: 4,425,696
(b) Percentage held in class: 5.003%
(c) Current registered holder(s): ACC via New Zealand Central Securities
Depository Limited (NZCSD)
(d) Registered holder(s) once transfers are registered: unknown

Details for Nicholas Bagnall, Guy Elliffe, Paul Robertshawe, Blair Tallott,
Blair Cooper, Jason Familton
Nature of relevant interest(s):
Qualified powers to exercise control of rights to vote and/or of acquisition
or disposal of some or all of the financial products, of which the Accident
Compensation Corporation ("ACC") is the beneficial owner under Section
235(1)(c)and 235(1)(d) of the Financial Markets Conduct Act. Further to
regulation 139(2)(b), the material terms of this arrangement are that powers
are subject to ACC investment policies and the decisions of the ACC
Investment Committee.
For that relevant interest,
(a) Number held in class: 4,425,696
(b) Percentage held in class: 5.003%
(c) Current registered holder(s): held by ACC via New Zealand Central
Securities Depository Limited (NZCSD)
(d) Registered holder(s) once transfers are registered: unknown
Details of transactions and events giving rise to substantial holding
Details of the transactions or other events requiring disclosure:
On-market purchase of 100,000 shares for net consideration of NZD $288,000 on
1st May 2015.

Additional information
Address of substantial product holder(s): ACC: Justice Centre, 19 Aitken
Street, PO Box 242, Wellington, NZ
Contact details: Matthew Cunliffe   +64 4 816 5743
[email protected]
Nature of connection between substantial product holders: Nicholas Bagnall,
Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper and Jason Familton
are employees and portfolio managers or equity analysts or corporate
governance manager for ACC. Under current ACC investment policies, they have
the discretion to exercise control over some or all the rights to vote and
acquisition or disposal of some or all of the financial products of which ACC
is the beneficial owner.
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Financial Markets Conduct Act 2013 in
relation to the financial products to which this disclosure relates: n/a

Certification
I, Matthew Cunliffe, certify that, to the best of my knowledge and belief,
the information contained in this disclosure is correct and that I am duly
authorised to make this disclosure by all persons for whom it is made.
End CA:00263870 For:STU    Type:SSH        Time:2015-05-04 15:57:09