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STU - Steel & Tube to gift shares to staff

Friday 8th December 2023

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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

 

or

 

Richard Smyth

Steel & Tube CFO

Tel: +64 21 646 822

Email: richard.smyth@steelandtube.co.nz



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