Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
To New Zealand Stock Exchange
and
To Steel & Tube Holdings Ltd
Date this disclosure made: 24 August 2016
Date last disclosure made: 27 May 2016
Date on which substantial holding ceased: 23 August 2016
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 previous 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, Jason
Familton
For last disclosure:
(a) Total number held in class: 5,704,647
(b) Total in class: 90,578,026
(c) Total percentage held in class: 6.298%
For current holding after ceasing to have substantial holding:
(a) Total number held in class: 4,310,000
(b) Total in class:
90,578,026
(c) Total percentage held in class: 4.758%
Summary for: Blair Cooper
For last disclosure:
(a) Total number held in class: 5,719,702
(b) Total in class: 90,578,026
(c) Total percentage held in class: 6.315%
For current holding after ceasing to have substantial holding:
(a) Total number held in class: 4,325,055
(b) Total in class: 90,578,026
(c) Total percentage held in class: 4.775%
Details of transactions and events giving rise to ceasing of substantial
holding
Details of the transactions or other events requiring disclosure:
From 27 May 2016 to 23 August 2016, ACC had the following aggregated
on-market transactions in Steel & Tube Holdings Ltd:
o Sales of 1,542,164 shares for consideration of NZD $3,328,041
o Purchases of 147,517 shares for consideration of NZD $300,908.85
Additional information
Address(es) of substantial product holder(s):
ACC: Justice Centre, 19 Aitken Street, PO Box 242, Wellington 6140.
Contact details: Matthew Cunliffe +64 4 816 5743
investmentscompliance@acc.co.nz
Nature of connection between substantial product holders: Nicholas Bagnall,
Guy Elliffe, Paul Robertshawe, Blair Tallott, Blair Cooper and Jason Familton
are employees of ACC and either a portfolio manager, equity analyst or
corporate governance manager. 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 securities 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:00287823 For:STU Type:SSH Time:2016-08-24 15:40:37