L&Q Notice – Vulcan Steel Limited

LISTING AND QUOTATION NOTICE: NZX MAIN BOARD
VULCAN STEEL LIMITED (“VSL”) ORDINARY SHARES
NZX Limited, Level 1, NZX Centre, 11 Cable Street, PO Box 2959, Wellington 6140, New Zealand
Tel +64 4 472 7599, www.nzx.com


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:
Settlement of the Offer on NZX:
Thursday, 4 November 2021 at 2pm NZT

Monday, 8 November 2021
Allotment Date:
Monday, 8 November 2021
Last day of conditional and
deferred trading on NZX:
Monday, 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





Mark Peterson
Chief Executive Officer
NZX Limited
04 11 2021