BlueScope Steel Limited advises that it has completed its 1 for 6 share consolidation. The consolidation involved the conversion of every six fully paid ordinary shares into one fully paid ordinary share. It was approved by a resolution of shareholders at the Company's Annual General Meeting held on November 15th 2012.
Following the consolidation, the total number of BlueScope shares on issue is 558,243,305. All outstanding share rights issued under the Company's Employee Share Plans have either been consolidated or adjusted to reflect the impact of the share consolidation on the same basis.
New holding statements have been despatched to shareholders today advising them of their holdings on a post consolidation basis.
In accordance with the timetable for consolidation, normal trading will commence December 21st 2012 and the BlueScope ASX code will return to BSL. Settlement of all trades conducted on a deferred settlement basis and first settlement of trades conducted on a normal basis will occur on December 28th 2012, taking into account the Christmas Day and Boxing Day public holidays.
