To view the PDF file, sign up for a MySharenet subscription.

ACL - ArcelorMittal South Africa Limited - offer and acceptance of share options

Release Date: 21/11/2007 16:39
Code(s): ACL
Wrap Text

ACL - ArcelorMittal South Africa Limited - offer and acceptance of share options ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration number: 1989/002164/06) Share Code: ACL ISIN: ZAE000103453 ("ArcelorMittal South Africa" or "the Company") OFFER AND ACCEPTANCE OF SHARE OPTIONS In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the JSE Limited, we hereby advise, that the following options in ArcelorMittal South Africa securities have been offered to and accepted by the Executive Director, Finance. Name Hendrik Jacobus Verster Position held Executive Director, Finance Company ArcelorMittal South Africa Nature of transaction Grant and acceptance of options Number of securities 34 020 Price of securities R133-50 Exercise value of securities R4 541 670-00 Class of security Ordinary shares Offer date 20 November 2007 Nature of interest Direct beneficial The required clearance per section 3.66 of the JSE Listings Requirements was obtained. CHANGES IN SHARE OPTIONS DUE TO CAPITAL REDUCTION In compliance with paragraph 3.63 - 3.66 of the Listings Requirements of the JSE Limited, we hereby advise, that due to the capital reduction announced on 1 August 2007 the options granted and accepted by the Executive Director, Finance have been adjusted in terms of the rules of the scheme as follows: Name Hendrik Jacobus Verster Position held Executive Director, Finance Company ArcelorMittal South Africa Nature of transaction Changes to options already granted and accepted Offer Date Original Offer Adjusted Offer Number of Number of Price Price Options Prior Options After the Adjustment the Adjustment 12/12/2006 R92.20 R82.02 5 250 5 950 18/3/2003 R16.10 R14.32 7 000 7 869 7/5/2002 R18.15 R16.15 26 760 32 486 8/11/2006 R94.29 R83.88 52 470 59 523 The required clearance per section 3.66 of the JSE Listings Requirements was obtained. Vanderbijlpark 21 November 2007 Sponsor to ArcelorMittal South Africa Deutsche Securities (SA) (Proprietary) Limited Date: 21/11/2007 16:39:18 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

Share This Story