Vulcan Steel Ltd. (AU:VSL) has released an update.
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Vulcan Steel Ltd. has disclosed a late lodgement of unlisted performance share rights (PSRs) for the fiscal years 2022, 2023, and 2024, which were part of a long-term incentive plan to align employee interests with shareholder value. The company has issued 376,820 ordinary shares following the vesting of a portion of their FY22 PSRs, while the remaining unvested PSRs have lapsed. Vulcan has taken corrective steps to ensure that such administrative oversights are not repeated in the future.
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