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
"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.