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ARCELORMITTAL SOUTH AFRICA LIMITED - Acceptance of allocation of shares

Release Date: 05/09/2014 09:00
Code(s): ACL     PDF:  
Wrap Text
Acceptance of allocation of shares

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL
ISIN: ZAE000134961
(“ArcelorMittal South Africa")


Acceptance of allocation of shares

The following information is disclosed in compliance with
paragraphs 3.63 to 3.65 of the Listings Requirements of the JSE
Limited (“Listings Requirements”).

Name of Director                     Mr Paul O’Flaherty
Name of Company                      ArcelorMittal South Africa
Position held                        Chief Executive Officer
Transaction date                     4 September 2014
Nature of transaction                Off market acceptance of the
                                     allocation of shares in terms of
                                     the ArcelorMittal South Africa
                                     Long Term Incentive Plan
Number of securities                 53 473
Type of securities                   Ordinary shares
Option strike price                  R35.80
Total market value                   R1 914 333
Period of vesting                    3 years
Date of vesting                      5 August 2017
Nature and extent of Director’s
interest in transaction              Direct beneficial

Clearance in terms of paragraph of 3.66 of the Listings
Requirements was obtained from the Remuneration, Social and
Ethics Committee.

5 September 2014


Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd


For further information please contact:
Kesebone Maema
Manager: Corporate Communications, Corporate Affairs
Tel: (016) 889 2425

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