SPH Notice – First NZ Capital Group Limited
100080615/3821107.1 1
Disclosure of ceasing to have substantial holding
Section 279, Financial Markets Conduct Act 2013
Note: This form must be completed in accordance with the instructions at the end of the
form.
To NZX Limited
and
To Steel & Tube Holdings Limited (STU)
Date this disclosure made: 26 November 2018
Date last disclosure made: 21 November 2018
Date on which substantial holding ceased: 23 November 2018
Substantial product holder(s) giving disclosure
Full name(s): First NZ Capital Group Limited
Summary of previous substantial holding
Class of quoted voting products: Steel & Tube Holdings Limited (STU) Ordinary Shares
Summary for First NZ Capital Group Limited
For last disclosure,—
(a) total number held in class: 8,507,308
(b) total in class: 165,997,540
(c) total percentage held in class: 5.125%
For current holding after ceasing to have substantial holding,—
(a) total number held in class: 8,277,573
(b) total in class: 165,997,540
(c) total percentage held in class: 4.987%
Details of transactions and events giving rise to ceasing of substantial holding
Details of the transactions or other events requiring disclosure:
As noted above, on 21 November 2018, First NZ Capital Group Limited (through Harbour
Asset Management Limited – part of the First NZ Capital Group Limited) disclosed a relevant
interest in 8,507,308 (5.125%) STU ordinary shares.
Harbour Asset Management Limited has had no purchases or sales of STU ordinary shares
since that date and holds 7,970,187 STU ordinary shares.
100080615/3821107.1 2
In the period since the last disclosure, First NZ Capital Securities Limited has, in the ordinary
course of business, reduced its relevant interest in 537,121 (0.324%) STU ordinary shares
to 307,386 (0.185%) STU ordinary shares, by selling 45,007 STU ordinary shares for total
consideration of $54,834 and returning borrow of 184,728 STU ordinary shares.
Additional information
Address(es) of substantial product holder(s): Level 14, 171 Featherston Street, Wellington
Contact details: Kate Livingston +64 9 307 5747, kate.livingston@fnzc.co.nz
Nature of connection between substantial product holders: First NZ Capital Group Limited,
First NZ Capital Securities Limited and Harbour Asset Management Limited are related
bodies corporate.
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, Kate Livingston, 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.
Data sourced from publicly available filings. Our datasets may not be complete. Automated analysis can produce errors. If you believe any data on this page is incorrect, please contact us at hello@nzxplorer.co.nz. For informational purposes only. Not investment advice.
Other issuers discussed similar conditions around this time
Matched by meaning across NZX announcement text, not keywords — based on our semantic index of announcement bodies.
- IPR — Iperion Limited: SPH Notice – Golden Tower NZ Limited (GTNZ)2018-12-17
“/. 9410396_1 Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 Note: This form must be completed in accordance with the instructions at the end of the form. To NZX Limited and To Southern Charter Financial Group Limited D…”
- RBD — Restaurant Brands New Zealand Limited: SPH Notice – Fisher Funds Management Limited2018-09-12
“1 Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To New Zealand Exchange And To Restaurant Brands NZ Ltd Date this disclosure made: 12 September 2018 Date last disclosure made: 24 May 2018 Date on which substantial ho…”
- NZM — NZME Limited: SPH Notice – UBS Group AG2018-09-23
“Disclosure of ceasing to have substantial holding Section 279, Financial Markets Conduct Act 2013 To: NZX Limited and To: NZME Limited Date this disclosure made: 21 September 2018 Date last disclosure made: 7 September 2018 Date on which substantial holding ceased: 19…”