MUFG becomes substantial holder in Vulcan Energy Resources

Mitsubishi UFJ Financial Group, Inc. (MUFG) announced it has become a substantial holder in Vulcan Energy Resources Limited, with a total voting power of 6.38% as of November 20, 2025. This interest, which MUFG became aware of on November 24, 2025, is held through various subsidiaries including Morgan Stanley & Co. International plc, Morgan Stanley Australia Securities Limited, and Morgan Stanley & Co. LLC.

The substantial stake, amounting to 14,961,345 ordinary shares, was primarily acquired through securities lending and prime brokerage agreements. These agreements grant MUFG’s subsidiaries the right to recall loaned securities and exercise control over their disposal in the ordinary course of business, with several transactions occurring throughout 2025. The aggregate consideration for these acquisitions involved both cash payments and collateral received, with various lending and borrowing activities taking place.