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

• Release Date: 16/02/16 15:27
• Summary: SSH: STU: SSH Notice - Accident Compensation Corporation
• Price Sensitive: No
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					STU
16/02/2016 15:27
SSH
NOT PRICE SENSITIVE
REL: 1527 HRS Steel & Tube Holdings Limited

SSH: STU: SSH Notice - Accident Compensation Corporation

Disclosure of movement of 1% or more in substantial holding or change in
nature of relevant interest or both
Sections 277 and 278, Financial Markets Conduct Act 2013

To New Zealand Stock Exchange
and
To Steel & Tube Holdings Limited

Relevant event being disclosed: Movement of 1% or more
Date of relevant event:    15 February 2016
Date this disclosure made:  16 February 2016
Date last disclosure made:  7 December 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
Class of quoted voting products: Ordinary shares (STU NZ)
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: 7,635,000
(b) Total in class:    90,578,026
(c) Total percentage held in class:  8.429%
For last disclosure,--
(a) Total number held in class: 8,568,398
(b) Total in class:    90,578,026

(c) Total percentage held in class:  9.460%

Details of transactions and events giving rise to relevant event
Details of the transactions or other events requiring disclosure:
On-market sale of 48,786 shares for net consideration of NZD $101,162.65 on
15th February 2016.

Details after relevant event
Details for ACC
Nature of relevant interest(s):
Beneficial owner of securities under ?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:  7,635,000
(b) Percentage held in class: 8.429%
(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 ?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:  7,635,000
(b) Percentage held in class: 8.429%
(c) Current registered holder(s): ACC via New Zealand Central Securities
Depository Limited (NZCSD)
(d) Registered holder(s) once transfers are registered: unknown

For a derivative relevant interest, also--
(a) type of derivative: n/a
(b) details of derivative: n/a
(c) parties to the derivative: n/a
(d) if the substantial product holder is not a party to the derivative,
the nature of the relevant interest in the derivative: n/a

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:00277721 For:STU    Type:SSH        Time:2016-02-16 15:27:45