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Ann: SSH: STU: SSH Notice - Accident Compensation Corporation

    • Release Date: 13/02/15 10:14
    • Summary: SSH: STU: SSH Notice - Accident Compensation Corporation
    • Price Sensitive: No
    • Download Document  3.67KB
    					STU
    13/02/2015 10:14
    SSH
    NOT PRICE SENSITIVE
    REL: 1014 HRS Steel & Tube Holdings Limited
    
    SSH: STU: SSH Notice - Accident Compensation Corporation
    
    Disclosure of beginning to have substantial holding
    Section 276, Financial Markets Conduct Act 2013
    
    To NZX Limited
    and
    To Steel & Tube Holdings Limited
    Date this disclosure made: 13 February 2015
    Date on which substantial holding began: 11 February 2015
    
    Substantial product holder(s) giving disclosure
    Full Name(s): Accident Compensation Corporation ("ACC")
    Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason
    Familton
    
    Summary of substantial holding to which disclosure relates
    Class of quoted voting products: Ordinary Shares (STU)
    Summary for: Accident Compensation Corporation ("ACC")
    Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper, Jason
    Familton
    For this disclosure,--
    (a) Total number held in class:  4,629,228
    (b) Total in class:    88,464,240
    (c) Total percentage held in class:  5.233%
    
    Details of relevant interests
    Details for ACC
    Nature of relevant interest(s):
    Beneficial owner of securities under ?235(1)(b) of the Financial Markets
    Conduct Act
    No relevant agreement document needs to be attached under regulation 139.
    For that relevant interest,--
    (a) Number held in class:   4,629,228
    (b) Percentage held in class:  5.233%
    (c) Current registered holder(s): ACC via New Zealand Central Securities
    Depository Limited (NZCSD)
    (d) Registered holder(s) once transfers are registered: unknown
    
    Details for Nicholas Bagnall, Paul Robertshawe, Blair Tallott, Blair Cooper,
    Jason Familton
    Nature of relevant interest(s):
    Qualified powers to exercise control of rights to vote and of acquisition or
    disposal of some or all of the financial products, of which the Accident
    Compensation Corporation ("ACC") is the beneficial owner under ?235(1)(c)and
    235(1)(d) of the Financial Markets Conduct Act. Further to regulation
    139(2)(b), the material terms of this arrangement are that powers are subject
    to ACC investment policies and the decisions of the ACC Investment Committee.
    
    For that relevant interest,
    (a) Number held in class:   4,629,228
    (b) Percentage held in class:  5.233%
    (c) Current registered holder(s): held by ACC via New Zealand Central
    Securities Depository Limited (NZCSD)
    (d) Registered holder(s) once transfers are registered: unknown
    
    Details of transactions and events giving rise to substantial holding
    Details of the transactions or other events requiring disclosure:
    On market purchase of 399,105 shares for net consideration of NZD
    $1,137,449.25 on 11th February 2015.
    Additional information
    Address of substantial product holder(s): ACC: Justice Centre, 19 Aitken
    Street, PO Box 242, Wellington, NZ
    Contact details: Matthew Cunliffe   +64 4 816 5743
    [email protected]
    Nature of connection between substantial product holders: Nicholas Bagnall,
    Paul Robertshawe, Blair Tallott, Blair Cooper and Jason Familton are
    employees and portfolio managers or equity analysts for ACC. 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 financial products 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:00260614 For:STU    Type:SSH        Time:2015-02-13 10:14:26
    
    				

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