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ARCELORMITTAL SOUTH AFRICA LIMITED - ACL ISIN - Dealings in Securities by Directors and Company Secretary.

Release Date: 10/05/2017 17:25
Code(s): ACL     PDF:  
Wrap Text
ACL ISIN - 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
(“ArcelorMittal South Africa” or “the Company")

DEALINGS IN SECURITIES BY DIRECTORS AND COMPANY SECRETARY

Pursuant to directors accepting allocation of the 2017 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:           8 May 2017
Number of LTIP shares:         892 867
Issue Price:                   R7.62
Total value of transaction:    R6,803,646.54
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:           8 May 2017
Number of LTIP shares:         317 515
Issue Price:                   R7.62
Total value of transaction:    R2,419,464.30
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:           8 May 2017
Number of LTIP shares:         27 960
Issue Price:                   R7.62
Total value of transaction:    R213, 055.20
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 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

10 May 2017

For further information please contact:
Themba Sepotokele, Corporate Communications, Branding and Social Media

Tel:+27 16 889 2425



Sponsor to ArcelorMittal South Africa Limited
Absa Bank Limited (acting through its Corporate and Investment Banking division)

Date: 10/05/2017 05:25:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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