STU steel & tube holdings limited

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

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    • Release Date: 11/10/12 11:35
    • Summary: SSH: STU: SSH (OneSteel NZ Holdings Limited)
    • Price Sensitive: No
    • Download Document  3KB
    					
    
    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%
    2478563 v1
    2
    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
    				
 
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