Friday 8th December 2023 |
Text too small? |
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
No comments yet
FY24 Results Announcement Date and Briefing Details
Fonterra appoints permanent CFO
Harapaki wind farm now on track for mid-winter completion
Rabobank picks $8.40 kg/MS forecast milk price for 24/25 dairy season, but warns global dairy price recovery now likely to be slower
Kiwi Property FY24 annual results announcement date
MFB - FY24 Results Announcement Date and Briefing Details
AIA - Announces books closed for retail bond offer
May 8th Morning Report
NZ-UAE free trade on the table
ANZ - 2024 Half Year Results Documents