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ACL:: Vesting and Settlement: LTIP
ARCELORMITTAL SOUTH AFRICA LIMITED
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL ISIN: ZAE000134961
(“ArcelorMittal South Africa” or “the Company")
VESTING AND SETTLEMENT: LONG TERM INCENTIVE PLAN (“LTIP”)
Shareholders are advised that the LTIP has been established in line with the requirements of the JSE
and was created as a mechanism to reward and retain management effectively and link remuneration
to performance of the Company. It has a vesting period of 3 years after the date of the grant. It is also
linked to performance of the Company and is 100% performance based in respect of senior executives
and 50% for other executives and management.
The settlement method in terms of the LTIP Rules is the purchase of shares on the market and delivery
of the shares to participants, unless participants opt to sell shares, in which event such shares are sold
and the cash paid to the participants, subject to tax obligations. Shareholders are further advised that
pursuant to the settlement process in respect of the vesting of the LTIP in 2020, the results are as set
out herein.
GENERAL LTIP PARTICIPANTS
Pursuant to 107 general LTIP participants in 2017 accepting the allocation of grants and participating
in terms of the LTIP Rules, such grant has vested and the results of the settlement process in respect
of the shares of management employees who are not prescribed officers is as follows:
Company: ArcelorMittal South Africa
Class of securities: Ordinary shares
Date of settlement: 10 December 2020
Number of LTIP shares: 2 867 916
Share Price: R1.28 ( VWAP of traded shares )
Lowest price per security : R1.11 cents per security
Highest price per security : R1.50 cents per security
Total value of transaction: R3 658 313.65
Nature of transaction: Settlement of LTIP Grant in terms of LTIP Rules and sale of shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
PRESCRIBED OFFICERS
Pursuant to the 2017 grant and participating in terms of the LTIP Rules, the following has vested in
respect of prescribed officers:
Prescribed Officers
NUMBER OF
TYPE OF VESTING
DATE LTIP SHARES FACE VALUE
INTEREST DATE LTIP PERIOD
NAME GRANTED VESTED VWAP (on 4
(Type of VESTED (Period of
(Offer date) (applicable to December)
Scheme) outside date)
transaction)
10015494 M Adam 2017/05/08 LTIP 201 868 2020/10/21 3 YEARS 1.10 222 054.48
3959925 W Venter 2017/05/08 LTIP 122 569 2020/10/21 3 YEARS 1.10 134 826.24
4244710 VDJM De Sousa 2017/05/08 LTIP 21786 2020/10/21 3 YEARS 1.12 24 400.32
4087566 JF Swart 2017/05/08 LTIP 55160 2020/10/21 3 YEARS 1.13 62 330.80
9057889 JD Muller 2017/05/08 LTIP 53935 2020/10/21 3 YEARS 1.11 59 867.85
10005486 S Achmat 2017/05/08 LTIP 21107 2020/10/21 3 YEARS 1.13 23 850.91
Prescribed Officers ( Resigned)
NUMBER OF
TYPE OF VESTING
DATE LTIP SHARES FACE VALUE
INTEREST DATE LTIP PERIOD
NAME GRANTED VESTED VWAP (on 4
(Type of VESTED (Period of
(Offer date) (applicable to December)
Scheme) outside date)
transaction)
9505073 AM Ngapo 2017/05/08 LTIP 232 922 2020/10/21 3 YEARS 1.11 258 543.33
4446233 CTW Whitcher 2017/05/08 LTIP 132 061 2020/10/21 3 YEARS 1.12 147 908.32
DEALINGS IN SECURITIES BY PRESCRIBED OFFICERS
Information on the settlement process and dealing in shares, involving a partial or total sale
of shares, in respect of prescribed officers is set out below. Where no dealing has taken
place, the default position has applied and the shares have been delivered to such
participants.
Prescribed Officer : Sedick Achmat
Company: ArcelorMittal South Africa
Class of securities: Ordinary shares
Date of transaction: 9 December 2020
Number of LTIP shares: 21 107
Share price : VWAP R1.13 cents per security
Lowest price per security : R1.13 cents per security
Highest price per security : R1.13 cents per security
Total value of transaction: R23 850.91
Nature of transaction: Settlement of LTIP Grant in terms of LTIP Rules and sale of shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Prescribed Officer : Vasco De Jesus Mended De Sousa
Company: ArcelorMittal South Africa
Class of securities: Ordinary shares
Date of transaction: 9 December 2020
Number of LTIP shares: 5696
Share price : VWAP R1.12 cents per security
Lowest price per security : R1.12 cents per security
Highest price per security : R1.12 cents per security
Total value of transaction: R6 379.52
Nature of transaction: Settlement of LTIP Grant in terms of LTIP Rules and sale of shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Prescribed Officer : Jacobus Frederick Swart
Company: ArcelorMittal South Africa
Class of securities: Ordinary shares
Date of transaction: 9 December 2020
Number of LTIP shares: 14422
Share price : VWAP R1.13 cents per security
Lowest price per security : R1.13 cents per security
Highest price per security : R1.13 cents per security
Total value of transaction: R16 296.86
Nature of transaction: Settlement of LTIP Grant in terms of LTIP Rules and sale of shares
Nature of interest: Direct beneficial
Clearance obtained: Yes
Prescribed Officer( Resigned) : Charlton Thomas Wilmot Whitcher
Company: ArcelorMittal South Africa
Class of securities: Ordinary shares
Date of transaction: 9 December 2020
Number of LTIP shares: 132061
Share price : VWAP R1.12 cents per security
Lowest price per security : R1.12 cents per security
Highest price per security : R1.12 cents per security
Total value of transaction: R147 908.32
Nature of transaction: Settlement of LTIP Grant in terms of Scheme Rules
Nature of interest: Direct beneficial
Clearance obtained: N/A. Has resigned.
No dealing has taken place and the default position has applied in terms of which the shares
were delivered to the following participants in terms of the LTIP Rules:
Prescribed Officer : Werner Venter
Company: ArcelorMittal South Africa
Class of securities: Ordinary shares
Date of transaction: 9 December 2020
Number of LTIP shares: 122 569
Prescribed Officer : Mohamed Adam
Company: ArcelorMittal South Africa
Class of securities: Ordinary shares
Date of transaction: 9 December 2020
Number of LTIP shares: 201 868
Prescribed Officer : Jacobus Daniel Muller
Company: ArcelorMittal South Africa
Class of securities: Ordinary shares
Date of transaction: 9 December 2020
Number of LTIP shares: 53935
Prescribed Officer (Resigned) Alpheus Motampe Ngapo
Company: ArcelorMittal South Africa
Class of securities: Ordinary shares
Date of transaction: 9 December 2020
Number of LTIP shares: 232922
Vanderbijlpark Works
10 December 2020
For further information please contact:
Mr Tami Didiza: Corporate Communications
Tel: (016) 889 4100
Company Secretary: FluidRock Co Sec (Pty) Ltd
Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)
Date: 10-12-2020 04:36:00
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