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ARCELORMITTAL SOUTH AFRICA LIMITED - Posting of circular relating to the proposed Broad-Based Black Empowerment Transaction

Release Date: 17/10/2016 13:49
Code(s): ACL     PDF:  
Wrap Text
Posting of circular relating to the proposed Broad-Based Black Empowerment Transaction

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


POSTING OF CIRCULAR RELATING TO THE PROPOSED BROAD-BASED BLACK
ECONOMIC EMPOWERMENT TRANSACTION (“B-BBEE TRANSACTION”)


Shareholders were advised in an announcement released on the
Stock Exchange News Service (“SENS”) on 28 September 2016 that
AMSA had entered into agreements to implement a B-BBEE
Transaction as part of its key transformation initiatives.

Shareholders are advised that a circular, setting out, inter
alia, the terms of the B-BBEE Transaction and incorporating
the notice of General Meeting convening a Special General
Meeting of AMSA shareholders (“General Meeting”) in order to
consider and, if deemed appropriate, to pass the ordinary and
special resolutions to authorise and implement the B-BBEE
Transaction, will be posted to shareholders today, 17 October
2016. The circular is available electronically at
www.arcelormittalsa.com.

The salient dates with regards to the General Meeting, also
contained in the circular, are set out below:

                                                          2016
Record date to receive circular and
                                            Friday, 7 October
Notice of General Meeting
Circular and Notice of General
Meeting posted to AMSA shareholders        Monday, 17 October
and announced on SENS on
Last day to trade to be eligible to       Tuesday, 8 November
vote at the General Meeting
Record date to be eligible to vote        Friday, 11 November
at the General Meeting
Forms of proxy of General Meeting to   Wednesday, 16 November
be received by no later than 09h00
on
General Meeting to be held at 09h00       Friday, 18 November
on
Results of the General Meeting            Friday, 18 November
released on SENS on
Vanderbijlpark
17 October 2016

Corporate advisor, transaction sponsor and legal advisor in
relation to the B-BBEE Transaction

KPMG Services Proprietary Limited

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

Date: 17/10/2016 01:49:00 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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