Vulcan Steel issues new ordinary shares

Vulcan Steel has announced the issuance of 376,820 fully paid ordinary shares, after the exercise of unlisted performance share rights.

The share rights were granted under the company's long-term incentive share plan for the financial year ended June 30, 2022.

The shares were issued without disclosure to investors under Part 6D.2 of the Corporations Act 2001.

Vulcan confirmed that it has complied with the relevant provisions of the Corporations Act and no excluded information needs to be disclosed.

Vulcan is an industrial product distributor and value-added processor, with 66 logistics and processing facilities and approximately 1,300 employees.