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L&Q Notice: Vulcan Steel Limited

Thursday 4th November 2021

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LISTING AND QUOTATION NOTICE: NZX MAIN BOARD

VULCAN STEEL LIMITED (“VSL”) ORDINARY SHARES

Company: Vulcan Steel Limited

Issuer Code: VSL

ISIN: AU0000181984

Short Name: Vulcan Steel

Registered Office: Grant Thornton New Zealand Level 4, Grant Thornton House 152 Fanshawe Street Auckland 1140, New Zealand

Website: https://vulcan.co/

Telephone Number: 09 273 7214

Financial Year End: 30 June

Nature of Business: Vulcan distributes steel products, including carbon steel, stainless steel and engineering steel to a diversified customer base including customers in engineering, manufacturing, fabricating, transport, mining and a broad range of other market segments.

Vulcan also provides value-added processing services for steel coils, steel plate, stainless steel and engineering steel. Vulcan cuts, drills, slits and shapes for fabrication, assembly or downstream processing by customers.

Directors: Russell Chenu (Chair), Rhys Jones, Peter Wells, Wayne Boyd, Bart de Haan, Pip Greenwood, Carolyn Steele

Details of Issue: The offer is an IPO of approximately 52.3 million shares in Vulcan at an offer price of A$7.10 per share. The offer is expected to raise approximately A$371.6 million. All shares will be sold by and transferred from SaleCo (as described in the prospectus dated 15 October 2021).

Quoted Securities at Completion of Offer: 131,408,572 ordinary shares

Minimum Application Amount:

- Broker Firm Offer: The minimum application under the Broker Firm Offer is as determined by the applicant’s Broker. There is no maximum application under the Broker Firm Offer.

- Priority Offer: Applications under the Priority Offer must be for a minimum of 300 shares. There is no maximum Application under the Priority Offer. The Priority Offer will be capped at an aggregate amount of 700,000 shares.

- Vulcan, SaleCo and the Joint Lead Managers reserve the right to reject any application or to allocate a lesser number of shares than that applied for, in their absolute discretion.

Offer Price: A$7.10 per share

Tick Size: $0.01

Joint Lead Managers: Credit Suisse (Australia) Limited and UBS AG, Australia Branch

Co-Lead Managers: Ord Minnett Limited and Forsyth Barr Group Limited

Auditors: Deloitte Limited

Solicitors: Australia: Gilbert + Tobin, New Zealand: Webb Henderson

Registrar: Link Market Services Limited

NZ Settlement Status: NZCDC Settlement System

Prospectus Dated: Friday, 15 October 2021

Offer, Priority Offer and Broker Firm Opens: Monday, 25 October 2021

Offer, Priority Offer and Broker Firm Offer Closes: Tuesday, 2 November 2021

Commencement of NZX trading on a conditional and deferred settlement basis: Thursday, 4 November 2021 at 2pm NZT

Settlement of the Offer on NZX: Mon day, 8 November 2021

Allotment Date: Monday, 8 November 2021

Last day of conditional and deferred trading on NZX: Mon day, 8 November 2021

Earliest Mailing of Holder Notices: Tuesday 9 November 2021

Expected Commencement of Trading on a normal settlement basis on the NZX Main Board: Tuesday 9 November 2021

Please see the link below for details

L&Q Notice - Vulcan Steel Limited

Source: NZX Limited



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