Steel & Tube Results of 2022 Annual Shareholders Meeting

Results of the 2022 Annual Shareholders Meeting

Auckland 30 September 2022 - Steel & Tube advises that all resolutions put to its Annual Shareholder Meeting held at Auckland and online today were passed by shareholders.

The final results of the voting poll are in the attached document.

The following resolutions were passed:

- That the Directors be authorised to fix the fees and expenses of KPMG as the company’s auditor.

-That John Beveridge, who retires by rotation and is eligible for re-election, be re-elected as a Director of the Company.

-That Andrew Flavell, who was appointed as a Director by the Board during the year, be elected as a Director of the Company.

- To authorise, for the purpose of NZX Main Board Listing Rule 2.11, an increase in the total amount of remuneration payable per annum to non-executive Directors from $575,000 to $642,500 an increase of $67,500 (12% - an average of 2.3% per annum for the past five years), to be paid and allocated to the non-executive
Directors as the Board considers appropriate.

ENDS

For further information please contact:

Mark Malpass
Steel & Tube CEO
Tel: +64 27 777 0327
Email: [email protected]

Richard Smyth
Steel & Tube CFO
Tel: +64 21 646 822
Email: [email protected]

For media assistance, please contact: Jackie Ellis, +64 27 246 2505 [email protected]

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Announcement PDF