Vulcan Steel to list new shares following institutional offer

Vulcan Steel Limited (VSL) has applied for the quotation of 9,969,007 new ordinary fully paid securities on the ASX. This follows an accelerated institutional offer detailed in an Appendix 3B on August 26, 2025. The new securities are scheduled for an issue date of September 3, 2025, at an issue price of AUD 5.95 per security.

This brings Vulcan Steel's total ordinary fully paid securities on issue to 141,754,399. The company also confirmed that an additional 4,673,842 securities are slated for issue under a retail entitlement offer on September 22, 2025, indicating further capital-raising activities.

Beyond the quoted securities, Vulcan Steel retains unquoted securities, including 1,744,328 performance share rights (VSLAA) and 14,642,822 ordinary fully paid deferred shares (VSLAC). This update reflects the completion of the institutional component of its recent capital raise.