Bluescope Steel director adjusts shareholdings, transfers shares to family trust

Bluescope Steel Limited director Mark Vassella's latest Appendix 3Y filing details significant changes to his security holdings. On September 2, 2025, Vassella acquired 143,415 fully paid ordinary shares through the vesting and automatic exercise of 118,204 Alignment Rights and 25,211 Share Rights, granted under the FY23 Alignment Rights Award and the FY25 Short Term Incentive Plan Award. These shares were acquired without payment. Subsequently, on September 5, 2025, 143,415 ordinary shares were transferred from Vassella's direct holding into Allessav Nominees Pty Ltd, his family trust.

Prior to these changes, Vassella held 207,785 direct ordinary shares and 782,581 indirect ordinary shares via Allessav Nominees Pty Ltd. Following the transactions, his direct ordinary shareholding remains 207,785, while indirect holdings through Allessav Nominees Pty Ltd increased to 925,996 ordinary shares. Other unvested Alignment Rights and Share Rights were also updated, with some lapsing.

Separately, an Appendix 3H announcement from September 8, 2025, confirmed the cessation of 129,243 unquoted BSLAB: RIGHTS on September 2, 2025. These rights lapsed because their conditional terms were not met or became incapable of being satisfied. Following this cessation, the total number of BSLAB: RIGHTS on issue for Bluescope Steel Limited stands at 3,371,635.