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ACL - ArcelorMittal - Posting Of Scheme Document

Release Date: 08/05/2009 16:49
Code(s): ACL
Wrap Text

ACL - ArcelorMittal - Posting Of Scheme Document ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration number: 1989/002164/06) Share code: ACL ISIN: ZAE000103453 ("ArcelorMittal") POSTING OF SCHEME DOCUMENT Further to the announcement released on SENS on 6 May 2009 regarding the pro rata share buy-back of ArcelorMittal ordinary shares by way of a scheme of arrangement in terms of section 311 of the Companies Act, 1973 (Act 61 of 1973), as amended ("the Act") ("the scheme"), shareholders are advised that the scheme document was posted today. The scheme has been proposed by Vicva Investments and Trading Nine (Proprietary) Limited, a wholly owned subsidiary of ArcelorMittal, between ArcelorMittal and its shareholders, to acquire, in terms of section 89 of the Act, approximately 10% of the number of issued ArcelorMittal ordinary shares from ArcelorMittal shareholders on a pro rata basis for a consideration of R87.64 per share. The necessary authorities to obtain shareholder approval are contained in the scheme document. Vanderbijlpark 8 May 2009 Merchant bank and transaction sponsor RAND MERCHANT BANK (A division of FirstRand Bank Limited) Sponsor Deutsche Securities (SA) (Proprietary) Limited Legal advisors Cliffe Dekker Hofmeyr Inc Reporting accountants and auditors Deloitte & Touche Transfer secretaries Computershare Investor Services (Proprietary) Limited Date: 08/05/2009 16:49:01 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.

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