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ARCELORMITTAL SOUTH AFRICA LIMITED - Cautionary announcement

Release Date: 30/09/2015 14:41
Code(s): ACL     PDF:  
Wrap Text
Cautionary announcement

ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration Number 1989/002164/06)
Share Code: ACL
ISIN: ZAE000134961
(“ArcelorMittal South Africa”)


CAUTIONARY ANNOUNCEMENT
PROPOSED BROAD BASED BLACK ECONOMIC EMPOWERMENT (B-BBEE)
TRANSACTION


Shareholders are advised that the ArcelorMittal South Africa
board of directors (Board) has on the 30 September 2015 approved
the commencement of a process to initiate a B-BBEE Transaction.
KPMG   has    been   retained   to   advise   on   the   proposed   B-BBEE
Transaction and, in terms of its mandate, KPMG will be engaging
with a number of potential B-BBEE investors with a view to
concluding a transaction.


The full impact of the transaction has not been determined but
if successfully concluded the transaction may have a material
effect on the price of the company’s shares. Shareholders are
accordingly advised to exercise caution when dealing in the
company’s shares until a full announcement is made.


30 September 2015
JOHANNESBURG




Transaction Sponsor
KPMG Services (Pty) Limited


Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd


For further information please contact:
Themba Nkosi
General   Manager:    Human   Resources,           Transformation     and
Communication
Tel: (016) 889 2996

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