Thursday, 18 April 2024
Steel & Tube Holdings Ordinary Shares
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Steel & Tube Holdings Limited advises that its half year financial results
for the six months ended 31 December 2017 will be released on Friday 23
February 2018.
Ends.
For more information please contact:
Greg Smith
Chief Financial Officer and Company Secretary
Phone 04 570 5000
STEEL & TUBE HOLDINGS LTD
End CA:00313382 For:STU Type:GENERAL Time:2018-01-24 14:03:26
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Please see attached an Ongoing Disclosure Notice for Mark Malpass of Steel &
Tube Holdings Limited ("STU").
End CA:00311274 For:STU Type:SHINTR Time:2017-12-01 11:19:15
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Statement made by Mark Malpass, Interim CEO Steel & Tube
On 7 June 2017, Steel & Tube confirmed that the Commerce Commission had filed
charges against the company under the Fair Trading Act in relation to 500E
grade seismic mesh. The charges in regards to compliance with the testing
standard for seismic mesh relate to the application of testing methodologies
only, not the performance characteristics of the seismic mesh.
Twelve charges r
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After ongoing discussions, Steel & Tube Holdings Limited today announced the
resignation of Dennis Boyle, General Manager Supply Chain, with effect from
31 December.
Dennis, who has been with Steel & Tube for seven years, has decided to
further his experiences, and is moving into supply chain consultancy.
During his time with the company, Dennis has strengthened our supply chain
initiatives and has had significant involvement in the gro
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After ongoing discussions, Steel & Tube Holdings Limited today announced the
resignation of Dennis Boyle, General Manager Supply Chain, with effect from
31 December.
Dennis, who has been with Steel & Tube for seven years, has decided to
further his experiences, and is moving into supply chain consultancy.
During his time with the company, Dennis has strengthened our supply chain
initiatives and has had significant involvement in the gro
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Steel & Tube has signed an unconditional agreement to sell its 68 Stonedon
Drive property for $32.577 million on a sale and lease back basis. The
transaction will be completed on 20 December 2017.
At the annual shareholder meeting yesterday, Chair Susan Paterson advised
Steel & Tube is not a commercial property company and believes it can use
funds from the sale to generate a better return for shareholders. Steel &
Tube intends to apply t
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2017 ANNUAL GENERAL MEETING VOTING RESULTS
Wellington, 16 November 2017 - Steel & Tube advises that all resolutions put
to its Annual General Meeting held in Wellington today were passed by
shareholders. The final results of the voting poll are in the attached
document.
The following resolutions were passed:
- Election of Susan Paterson as a director
- Election of Steve Reindler as a director
- Election of Chris Ellis as a director
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Annual General Meeting 2017
Steel & Tube held its Annual Meeting in Wellington at midday today. Attached
are the addresses given by Steel & Tube''s Chairman and Chief Executive.
End CA:00310434 For:STU Type:GENERAL Time:2017-11-16 12:03:09
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S&T Annual Meeting presentation is attached.
End CA:00310433 For:STU Type:GENERAL Time:2017-11-16 12:02:16
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oGuidance: Half-year earnings before interest and tax ("EBIT") for
the 2018 Financial Year will be lower than the prior half year by $9 - 10
million.
oHalf year EBIT is expected to be impacted by working capital review,
reorganisation and restructuring activities, increased depreciation costs for
new ERP system and the slow response by the industry to margin pressures
arising from increased costs of supply. Steel & Tube announced
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Code | Last | Change |
COMP | 10,321 | 328 | | 3.08% |
DJI | 29,635 | 404 | | 1.34% |
SP500 | 3,583 | 87 | | 2.37% |
DAX | 12,438 | 82 | | 0.67% |
FTSE | 7,488 | 5 | | 0.07% |
NI225 | 22,420 | 408 | | 1.86% |
TWI | 67.27 | 0.00 | | 0.00% |