Steel & Tube Provides Covid Vaccine Incentive
26 November 2021
STU / NZX ANNOUNCEMENT
7 Bruce Roderick Drive, East Tamaki, 2013, Auckland PO Box 30543, Botany, 2163, Auckland
P 04 570 5000 F 04 570 2453www.steelandtube.co.nz
STEEL & TUBE PROVIDES EMPLOYEES WITH COVID VACCINE INCENTIVE
This notice is given in respect of the payment by Steel & Tube Holdings Limited of the costs associated with
the acquisition of shares in the Company that were given to eligible employees. The Company established
an incentive scheme to encourage employees to become vaccinated against the Covid 19 virus before 15
November 2021. Employees were able to choose to receive their incentive in the form of Steel & Tube
shares and a number of employees took up this opportunity. This constituted the giving of “financial
assistance” in connection with the acquisition of Steel & Tube shares for the purposes of the Companies
Act 1993. The details of the financial assistance are as follows:
Shares in respect of which the financial assistance was provided: 10,667 ordinary shares in Steel & Tube
Holdings Limited.
Consideration paid for the shares: $1.32 per share
Recipients of the financial assistance: Employees of Steel & Tube Holdings Limited and its subsidiaries who
have been double vaccinated and who have elected to receive their vaccine incentive in the form of Steel
& Tube shares.
Nature and amount of the financial assistance: The financial assistance was given in the form of a payment
of $14,080.44 (including brokerage) to Sharesies Limited for the purposes of enabling Sharesies Limited to
purchase Steel &Tube shares for the employees who elected to receive their vaccine incentive in the form
of shares.
ENDS
For media or investor enquiries, please contact: Jackie Ellis Tel: +64 27 246 2505 or
email: jackie@ellisandco.co.nz
For further information please contact:
Mark Malpass
Steel & Tube CEO
Tel: +64 27 777 0327
Email: mark.malpass@steelandtube.co.nz
Richard Smyth
Steel & Tube CFO
Tel: +64 21 646 822
Email: richard.smyth@steelandtube.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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