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ARCELORMITTAL SOUTH AFRICA LIMITED - Dealings in securities by directors and company secretary

Release Date: 12/10/2016 09:49
Code(s): ACL     PDF:  
Wrap Text
Dealings in securities by directors and company secretary

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


DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY


Pursuant to directors accepting allocation of the 2016 grant and
participating in terms of the Long Term Incentive Plan (“LTIP”)
Rules, the following information is disclosed:


Director:                       Willem Abram De Klerk
Company:                        ArcelorMittal South Africa
Class of securities:            Ordinary shares
Date of transaction:            10 October 2016
Number of LTIP shares:           871 794
Issue Price:                    R9.75
Total value of transaction:     R8,499,992.00
Nature of transaction:          Off market acceptance of LTIP
                                Grant in terms of Scheme Rules
Nature of interest:             direct beneficial
Clearance obtained:             Yes


Director:                       Dean Subramanian
Company:                        ArcelorMittal South Africa
Class of securities:            Ordinary shares
Date of transaction:            10 October 2016
Number of LTIP shares:           474 923
Issue Price:                    R9.75
Total value of transaction:     R4,630,499.00
Nature of transaction:          Off market acceptance of LTIP
                                Grant in terms of Scheme Rules
Nature of interest:             direct beneficial
Clearance obtained:             Yes
Company Secretary:              Nomonde Beatrice Bam
Company:                        ArcelorMittal South Africa
Class of securities:            Ordinary shares
Date of transaction:            10 October 2016
Number of LTIP shares:           49 140
Issue Price:                    R9.75
Total value of transaction:     R479,115
Nature of transaction:          Off market acceptance of LTIP
                                Grant in terms of Scheme Rules
Nature of interest:             direct beneficial
Clearance obtained:             Yes


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 a minimum 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.




Vanderbijlpark Works
12 October 2016


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

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