Steel & Tube Announces Sale and Leaseback of Property
22 December 2020
STU / NZX Announcement
STEEL & TUBE – SALE AND LEASEBACK OF HAUTONGA STREET, PETONE
Steel & Tube Holdings Limited (NZX: STU) has signed an unconditional agreement to sell its property
at 26 – 32 Hautonga St, Petone, Lower Hutt for $7 million on a sale and lease-back basis.
The sale is expected to be completed on 22 March 2021.
Steel & Tube will continue to lease the property for a term of 2 years with two further rights of renewal
of one year each.
The transaction has no material impact on the normalised earnings guidance provided by the
Company on 17 December 2020.
ENDS
For further information please contact:
Mark Malpass
Steel & Tube CEO
Tel: +64 27 777 0327
Email: mark.malpass@steelandtube.co.nz
Greg Smith
Steel & Tube CFO
Tel: +64 21 755 803
Email: greg.smith@steelandtube.co.nz
For media assistance, please contact: Jackie Ellis, T: +64 27 246 2505, E: jackie@ellisandco.co.nz
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.
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