Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

DGAP-Adhoc: Vulcan Energy Resources Limited: Stellantis to become substantial shareholder in Vulcan Energy through €50 million (AUS$ 76 million) equity investment

eqs_en 
0 0 23.06.22
DGAP-Adhoc: Vulcan Energy Resources Limited: Stellantis to become substantial shareholder in Vulcan Energy through €50 million (AUS$ 76 million) equity investment
 

DGAP-Ad-hoc: Vulcan Energy Resources Limited / Key word(s): Investment/Capital Increase
Vulcan Energy Resources Limited: Stellantis to become substantial shareholder in Vulcan Energy through €50 million (AUS$ 76 million) equity investment

23-Jun-2022 / 19:01 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

Stellantis to become substantial shareholder in Vulcan Energy through €50 million (AUS$ 76 million) equity investment

Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL) has today agreed a €50 million (A$76 million) equity investment from Stellantis N.V. (NYSE / MTA / Euronext Paris: STLA, Stellantis) pursuant to a resolution of the Board of Directors.

Stellantis will become the second largest shareholder in Vulcan, at 8% shareholding, following issue of the fully paid ordinary shares at the 30-day Volume Weighted Average Price (VWAP) of €4.367 (A$6.622) per share which represents ~11.450m shares.

Vulcan and Stellantis have also extended their binding lithium hydroxide offtake agreement, concluded on 29 November 2021, by five years, to 2035.

Stellantis is one of the world’s leading automakers and mobility providers. Vulcan understands that this represents the world’s first upstream investment in a listed lithium company by an international automaker.

23-Jun-2022 CET/CEST The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de
Language: English
Company: Vulcan Energy Resources Limited
Level 11, Brookfield Place, 125 St Georges Terrace
6000 Perth
Australia
E-mail: [email protected]
Internet: www.v-er.eu
ISIN: AU0000066086
WKN: A2PV3A
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange
EQS News ID: 1382637

 
End of Announcement DGAP News Service

1382637  23-Jun-2022 CET/CEST

fncls.ssp?fn=show_t_gif&application_id=1382637&application_name=news&site_id=sharewise

Vulcan Energy Resources Ltd. Stock

€2.86
7.450%
Vulcan Energy Resources Ltd. dominated the market today, gaining €0.20 (7.450%).
With 2 Buy predictions and 1 Sell predictions the community is currently undecided on Vulcan Energy Resources Ltd..
As a result the target price of 5 € shows a very positive potential of 75.07% compared to the current price of 2.86 € for Vulcan Energy Resources Ltd..
Show more
Like: 0
Share
eqs_en 
EQS Group is a leading international provider of regulatory technology in the fields of corporate compliance and investor relations. In working with EQS Group, thousands of companies worldwide inspire trust by fulfilling complex national and international disclosure obligations, minimizing risks and communicating transparently with stakeholders.




Legal notice

Comments

Not a member yet? Sign up for free!