Steel & Tube to gift shares to staff
Company Announcement
8 December 2023
Steel & Tube Holdings Limited, PO Box 58880, Botany, Auckland 2163, New Zealand
P +64 4 570 5000 www.steelandtube.co.nz
STEEL & TUBE TO GIFT SHARES TO STAFF
Steel & Tube Holdings Limited (NZX: STU) advises that it intends to issue 70 free shares to each of its team
members, as part of its 70th anniversary celebrations. The formal issue of the shares is planned for early in the
new year and will be based on the number of full time and part time employees working for the company
(estimated to be approximately 850 people).
CEO of Steel & Tube, Mark Malpass, said: “This recognises the vital contribution that our people make to the
success and longevity of the company. We already have a highly engaged workforce and this is another way we
can engage with and reward our team members for their efforts. We look forward to having them as owners in
our business.”
Steel & Tube is working with Sharesies to facilitate the issue of shares in the new year.
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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