SPH Notice – Mayoral Trust Limited

Disclosure of
movement
of
to/o
or
more
in
substantial
holding or
change
in
nature of
relevant
interest, or
both
Sections
277
and 278,
Financial
Markets Conduct
Act 2013
To NZX Limited
And
To Vulcan Steel
Limited
(VSL
or Company)
Relevant
event being
disclosed:
18 and
19 April2024
Date of
relevant event:
18 and
L9
April2024
Date this
disclosure
made:
L9 April2024
Date
last disclosure
made:
10 August
2023
Substantial
product
holder(s)
giving
disclosure
Full name(s):
Mayoral
Trust
Limited
as
trustee
of the
Vulcan Continuity
Trust
(the
VCT
Trustee)
Summary
of
substantial
holding
Class
of
quoted
voting
products:
Ordinary
shares
in
Vulcan
Steel
Limited
(NZX
code:
VSL)
Summary
for the
VCT
Trustee
For
this
disclosure,-
.
(a)
total
number
held
in class:
7,247,78O
.
(b)
total
in class:
L3t,408,572
.
(c)
total
percentage held
in class:
5.52o/o
For
last disclosure,-
.
(a)
total
number
held
in class:
9,247,78O
.
(b)
total
in class:
L3I,408,572
.
(c)
total
percentage
held
in class:
7.04o/o
Detaits of
transactions
and
events
giving
rise
to
relevant
event
Details of
the
transactions
or other
events
requiring
disclosure:
The
VCT
Trustee
owned
7.o40/o
of the
total
shares
in
VSL
before
the
date
this
disclosure
is
made.
On
18
April2O24,
VCT
Trustee
sold
via
its broker,
Forsyth
Barr,
1,500,000
fully
paid
ordinary
shares
and
a
fufther
5OO,OOO
fully
paid
ordinary
shares
on
19
April
2024,
totalling
2,000,000
shares
in
the
ComPanY.

The
transfer
is completed or due
to be completed on-market
and
was conducted
pursuant
to
Contract Notes of shares
sale and
purchase
arranged through
Forsyth
Barr on
VCT Trustee's
behalf, respectively dated
18 April
2024 and 19 April
2A24. The consideration
for
the
sale of
the
VSL
shares are
respectively
$
L2,75O,O00.00 and
$4,250,000.00,
totalling
$17,000,000.00.
Details after relevant event
Details for the VCT
Trustee
Nature of relevant
interest(s):
Prior to this disclosure
being
made, the
VCT
Trustee is the
registered
holder and beneficial
owner of 9,247,780
fully
paid
ordinary
shares
in
VSL
(Shares).
The
VCT Trustee also
has the
power
to control
the exercise
of the
right to
vote attaching
to
the
Shares and the
power
to
control the
acquisition
or disposal
of the Shares
by virtue
of being
the
trustee of
Vulcan Continuity
Trust.
For that
relevant interest,-
.
(a)
number held
in class: 9,247,78O
.
(b)
percentage
held in class:
7.04o/o
.
(c)
current
registered
holder(s):
VCTTrustee
/
no change
since
last disclosure
.
(d)
registered
holder(s) once
transfers
are
registered:
Not known
/
Not applicable
For a derivative
relevant
interest, also-
.
(a)
type of
derivative:
Not applicable
.
(b)
details
of
derivative:
Not applicable
.
(c)
parties
to the
derivative:
Not applicable
.
(d)
if
the
substantial
product
holder
is not
a
party
to the
derivative,
the
nature
of
the
relevant
interest
in the
derivative:
Not applicable
Additional
information
Address(es)
of
substantial
product
holder(s):
Mayoral
Trust
Limited
as
trustee
of
Vulcan
Continuity
Trust:
C/-
Duthie
Whyte
Lawyers,
Level
7,
2 Kitchener
Street,
Auckland
1010'
P O
Box 6444,
Victoria
Street
West,
Auckland
Contact
details
Nigel
Alexander
Harrison
nharrison@duthiewhvte.
co.
nz
Mob: O27
498 2478
Certification
I,
Niget
Atexander
Harrison,
certify
that,
to
the
best
of
my
knowledge
and
belief'
the
information
contained
in this
disclosure
is correct
and
that
I am
duly
authorised
to
make
this
disclosure
all
persons
for
whom
it
is made.
NA
2 April2O24