Monday, 28 July 2014

Announcement

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

17 Oct 2012 14:32NZX
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: nichollsk@arrium.com
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
Views: 335
Steel & Tube Holdings Ordinary Shares
 3.000 Change:
0.02
0.66%
 
Open:3.000 
High:3.000 
Low:3.000 
Volume:23,090 
Last Traded:28/07/14 00:00:00 
Bid:3.000 
Ask:3.020 
52-Wk High:3.220 
52-Wk Low:2.500