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- Release Date: 17/10/12 16:32
- Summary: SSH: STU: SSH - OneSteel NZ Holdings Limited (OneSteel)
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STU
17/10/2012 14:32
SSH
REL: 1432 HRS Steel & Tube Holdings Limited
SSH: STU: SSH - OneSteel NZ Holdings Limited (OneSteel)
Securities Markets (Substantial Security Holders) Regulations 2007
FORM 3
(Section 25, Securities Markets Act 1988)
DISCLOSURE OF CEASING TO HAVE SUBSTANTIAL HOLDING
Relevant event being disclosed: Ceasing to have a substantial holding
Date of relevant event: 17 October 2012
TO: NZX Limited
AND: Steel & Tube Holdings Limited (STU)
Date this disclosure made: 17 October 2012
Date last disclosure made 11 October 2012
Substantial security holder(s) giving disclosure
Name(s): OneSteel NZ Holdings Limited (OneSteel)
Contact details: Kara Nicholls
Company Secretary, Arrium Limited
Tel: +61 2 9239 6633
Email: [email protected]
Date on which substantial security holder ceased to have substantial holding:
17 October 2012
Summary of previous substantial holding to which disclosure relates
Class of listed voting securities: Ordinary Shares
Summary for: OneSteel NZ Holdings Limited
For last disclosure:
(a) total number held in class: 44,507,204
(b) total in class: 88,427,240
(c) total percentage held in class: 50.329%
For current holding after ceasing to have substantial holding:
(a) total number held in class: 0
(b) total in class: 88,427,240
(c) total percentage held in class: 0%
Details of transaction and events giving rise to person ceasing to have
substantial holding 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. Settlement
of the sale occurred on 17 October 2012.
Please see attachment for further details.
End CA:00228555 For:STU Type:SSH Time:2012-10-17 14:32:58
