Steel & Tube Investor Update

Shareholders

To stay in touch and receive timely updates, we encourage you to elect to receive all your Steel & Tube shareholder communications electronically by visiting www.investorcentre.com/nz

Letter to Shareholders 17 October, 2018

We look forward to welcoming you to our annual shareholders meeting in Auckland on Thursday 25 October. You can also view the meeting online. Details are in the Notice of Meeting which has been made available to all shareholders.

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PDF icon STU NZX Update Letter to Shareholders 17 October, 2018

PDF icon STU NZX Announcement Letter to Shareholders 17 October, 2018

PDF icon STU NZX Letter to Shareholder Attachment - Proxy form

 

 

Revised Non-Binding Indicative Offer to Acquire STU Received 15th October, 2018

Steel & Tube has received a revised NBIO from Fletchers of $1.90 per share, with provision for a permitted dividend of up to 5 cents per share.The company’s advisers’ (First NZ Capital) view on Steel & Tube’s intrinsic value is between $1.95 and $2.36 per share, excluding the company’s share of synergies. The board remains of the view and has informed Fletcher Building that the company’s value exceeds the revised price of $1.90 per share.

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PDF icon  Revised Non-Binding Indicative Offer to Acquire STU Received (15th October, 2018)

 

 

 

Shareholder Letter 10th Oct 2018

This letter is to keep you informed about your Board’s decision to turn down a low value nonbinding indicative offer (NBIO) to acquire your company by one of our largest competitors, Fletcher Building Limited.

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PDF icon  Shareholder Update (10th October, 2018)

 

 

 

Market Share Overview

Steel & Tube’s estimate of market shares across the steel sector, as at 9 October 2018.

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PDF icon Steel Market Matrix 2018

 

 

 

 

No Support for Non-Binding Indicative Offer to Acquire STU - 3rd Oct 2018

Steel & Tube’s Board advises no support for non-binding indicative offer from Fletcher Building to acquire Steel & Tube On 10 September 2018, Steel & Tube Holdings Limited (NZX: STU) received a non-binding, indicative and confidential offer (NBIO) from Fletcher Building Limited to acquire the company.

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PDF icon No Support for Non-Binding Indicative Offer to Acquire STU (3rd October, 2018)