Vulcan Steel says 42.6m shares come out of escrow on Aug 24

Mon, 15 Aug 2022

Vulcan Steel has alerted the market that the first lot of shares held in escrow when the company listed last year, totalling 42.6 million shares, will be released after it reports its annual results on Wednesday, Aug 24, at 4.15pm Australian eastern standard time.The shares, amounting to 32.4% of the company, were owned by non-executive shareholders before the company’s A$371.6 million float last year.The prospectus warned that “a significant sale of shares by any significant or substantial existing shareholders … Following t...

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