To view the PDF file, sign up for a MySharenet subscription.

ARCELORMITTAL SOUTH AFRICA LIMITED - Afrox settlement

Release Date: 24/11/2016 17:45
Code(s): ACL     PDF:  
Wrap Text
Afrox settlement

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


CONCLUSION OF A SETTLEMENT AGREEMENT


Shareholders are referred to the announcement released earlier
by African Oxygen Limited (“Afrox”) wherein the details of a
settlement agreement was announced with regards to the
conclusion of a settlement agreement between the parties.


Shareholders are advised that the settlement amount of R165m
(excluding VAT) has already been fully provided for by
ArcelorMittal South Africa Limited and will not negatively
impact the company’s financial results going forward.


24 November 2016
Vanderbijlpark Works


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


For further information please contact:
Mr Themba Sepotokele
Manager: Corporate Communications, Corporate Affairs
Tel: (016) 889 2425

Date: 24/11/2016 05:45:00 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.

Share This Story