Steel & Tube provides the attached Capital Change Notice for the redemption and cancellation of 25,000 partly paid ordinary shares for no consideration. These partly paid shares were originally issued in 2000 pursuant to the 1993 Executive Employee Share Scheme.
The S&P/NZX 50 Index closed down 25 points or 0.19%.
Shares were up yesterday after the announcement.
The Gisborne-based tech firm has IBM behind it as it seeks new business in Japan.
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