Ann: SSH: STU: SSH (OneSteel NZ Holdings Limited)

• Release Date: 11/10/12 11:35
• Summary: SSH: STU: SSH (OneSteel NZ Holdings Limited)
• Price Sensitive: No
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STU
11/10/2012 09:35
SSH

REL: 0935 HRS Steel & Tube Holdings Limited

SSH: STU: SSH (OneSteel NZ Holdings Limited)

Securities Markets (Substantial Security Holders) Regulations 2007
FORM 2(Sections 23 and 24, Securities Markets Act 1988)

DISCLOSURE OF MOVEMENT OF 1% OR MORE IN SUBSTANTIAL HOLDING OR CHANGE IN
NATURE OF RELEVANT INTEREST OR BOTH

Relevant event being disclosed: Change in nature of relevant interest in
substantial holding

Date of relevant event: 10 October 2012

TO: NZX Limited

AND: Steel & Tube Holdings Limited (STU)

Date this disclosure made: 11 October 2012
Date last disclosure made 2 December 2002
Substantial security holder giving disclosure
Name:
OneSteel NZ Holdings Limited (OneSteel)
Contact details:
Kara Nicholls
Company Secretary, Arrium Limited
Tel: +61 2 9239 6633
Email: [email protected]
Summary of substantial holding to which disclosure relates
Class of listed voting securities:
Ordinary Shares
Summary for:
OneSteel NZ Holdings Limited
For this disclosure:
(a) total number held in class:
44,504,814
(b) total in class:
88,427,240
(c) total percentage held in class:
50.329%
For last disclosure:
(a) total number held in class:
44,507,204
(b) total in class:
88,534,066
(c) total percentage held in class:
50.271%
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Details of transaction and events giving rise to relevant event
Pursuant to an agreement between Arrium Limited (the ultimate parent company
of OneSteel) and Craigs Investment Partners Limited ("Craigs") dated 9
October 2012, Craigs agreed to manage and underwrite the sale of OneSteel's
shareholding in STU. The shares were sold at a price of $2.05 per share to a
range of retail and institutional investors. It is expected that settlement
of the sale will occur on 17 October 2012 and a notice of ceasing to be a
substantial security holder will be filed at that time.
Details of relevant interests in substantial holding after relevant event
Details for:
OneSteel NZ Holdings Limited
Nature of relevant interest:
Legal and beneficial holder pending settlement of sale on 17 October 2012
For that relevant interest:
(a) number held in class:
44,504,814
(b) percentage held in class:
50.329%
(c) current registered holder(s) of securities:
OneSteel NZ Holdings Limited
(d) registered holder(s) of securities once transfers registered:
Various
Additional information
Nature of connection between substantial security holders:
N/A
Address of substantial security holder:
C/- Kensington Swan, Level 9, 89 The Terrace, Wellington, 6011, New Zealand
Name of any other person believed to have given, or believed to be required
to give, a disclosure under the Act in relation to the securities to which
this disclosure relates:
Accident Compensation Corporation
Declaration
I, Kara Nicholls, Company Secretary for Arrium Limited declare 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:00228336 For:STU    Type:SSH        Time:2012-10-11 09:35:43