Vulcan Steel issues new shares, boosts capital by A$5.95 per share

Vulcan Steel Limited has issued 9,969,007 new ordinary shares, a 7.5646% increase in its total class of financial products. These shares were allotted at A$5.95 per share, raising capital through cash payments as part of an institutional entitlement offer. This issuance brings the total number of ordinary shares, excluding treasury stock, to 141,754,399.

The capital change stems from the institutional component of a fully underwritten accelerated renounceable entitlement offer, previously announced to NZX and ASX on August 26, 2025. The new ordinary shares are fully paid and rank equally with all existing ordinary shares. The action was authorized by a board resolution dated August 25, 2025, with the issue/acquisition/redemption date set for September 4, 2025.