Vistawall Parent Company Announces Employee Stock Ownership Plan

BlueScope Steel Ltd., of Melbourne, Australia, the new parent company of Terrell, Texas-based The Vistawall Group, has announced that it is offering 150 shares of stock to each of its employees under a new employee share ownership plan. Employees will not be required to pay for the stock.

"The 2004 fiscal year looks to be another good year for BlueScope Steel, and the ownership plan provides an opportunity for our employees to share in the company's success," said Lance Hockridge, president of BlueScope's North American business. "It is our way to say thanks to everyone for a great year. Approximately 2.4 million shares are being offered to 16,000 eligible employees across our global workforce."

According to Tom Harris, president of The Vistawall Group, that the employee share ownership plan is indicative of the strength of BlueScope Steel and the opportunities the company offers its employees.

"We continue to be excited about a parent company that is capable and willing to invest in the future growth of The Vistawall Group," Harris said.


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