Corporate

Securities Trading Policy - Summary

BlueScope Steel's Securities Trading Policy deals with the manner in which BlueScope Steel employees can deal in BlueScope Steel securities.  

Purpose of policy

The purpose of the Securities Trading Policy is to create awareness of the legal prohibition on trading in securities of BlueScope Steel or other companies applicable to all BlueScope Steel employees and directors.  The policy also aims to ensure that the reputation of BlueScope Steel, its employees and directors is not adversely impacted by perceptions of trading at inappropriate times.  

Terms of policy

As required by law, all employees of BlueScope Steel who possess price sensitive information about BlueScope Steel, which has not been released generally, are prohibited from trading in BlueScope Steel shares, or communicating that information to others. 

The Securities Trading Policy also imposes additional trading restrictions on all directors, certain senior executives and managers, and all employees involved with the BlueScope Steel monthly financial figures (described as "Restricted Persons").

Trading windows

Restricted Persons can only trade BlueScope Steel securities during specific trading windows, or at other times in special circumstances and with the approval of the Chairman.

Trading windows are the 30 days from the first trading day after each of the following:

Before a Restricted Person can trade during a trading window they must advise the Company Secretary or Assistant Company Secretary and confirm that they do not know of any unpublished inside information.  Trading can only occur once the Restricted Person is advised that the trading may take place.

Breaches of policy

Employees are expected to strictly comply with the Securities Trading Policy and breaches will be subject to disciplinary action, up to and including dismissal.

Responsibilities