Vulcan Steel has announced the completion of the retail entitlement offer component of its fully underwritten entitlement offer.
The entitlement offer, which was announced on August 26, 2025, aims to raise approximately A$87.1 million (NZ$96.3m).
The retail entitlement offer had a participation rate of about 57%, with eligible retail shareholders subscribing for approximately 2.7 million new shares, raising around A$15.9m.
Additionally, those who took up their entitlements in full also applied for approximately A$3.3m of additional new shares.
The remaining entitlements not taken up by eligible retail shareholders and ineligible retail shareholders, amounting to about 2 million new shares, will be offered for sale in the retail shortfall bookbuild.
The new shares from the retail entitlement offer and the retail shortfall bookbuild are set to be allotted and commence trading on September 22, 2025.
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