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Vulcan Steel Raises A$59.4M Ahead of Roofing Industries Acquisition
2:03am on Saturday 30th of August, 2025 AEST
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Industrial Products
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Vulcan Steel Raises A$59.4M Ahead of Roofing Industries Acquisition
2:03am on Saturday 30th of August, 2025 AEST
Key Points
Institutional entitlement offer raised A$59.4 million via 10 million new shares
Shortfall shares sold at A$6.45, a premium to the A$5.95 offer price
Retail entitlement offer opens 2 September for eligible shareholders
Proceeds to fund NZ$88 million acquisition of Roofing Industries Limited
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