ARCELORMITTAL SOUTH AFRICA LIMITED - Dealings In Securities By Normal Share Scheme Participants.

Release Date: 29/06/2018 14:24
Code(s): ACL
Wrap Text
Dealings In Securities By Normal Share Scheme Participants.

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


Pursuant to 132 normal share scheme participants* accepting the allocation of the 2018 grant and
participating in terms of ArcelorMittal South Africa’s Long Term Incentive Plan (“LTIP”), the following
information is disclosed:

Company:                        ArcelorMittal South Africa
Class of securities:            Ordinary shares
Date of transaction:            27 June 2018 (Acceptance Date)
Number of LTIP shares:          19 576 763
Grant Price:                    R2.39**
Vesting period:                 Conditional awards vest after three years on certain
                                performance criteria being met in terms of the LTIP.
Total value of transaction:     R46,788,463.57
Nature of transaction:          Off market acceptance of conditional awards granted on 21 June
                                2018 in terms of the LTIP
Nature of interest:             Direct beneficial
Clearance obtained:             Yes

*An Employee as defined in terms of the LTIP.
**Using the volume weighted average price of 2,3880 on 21 June 2018, with the number of awards
rounded to the closest whole number of shares.

The LTIP has been established in accordance with the Listings Requirements of the JSE Limited 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.

The details of the LTIP is set out in the Remuneration Report contained within the 2017 Integrated
Annual Report.

Vanderbijlpark Works
29 June 2018

For further information please contact:
Mr Hennie Vermeulen
Group Manager: Corporate Communications
Tel: (016) 889 2352

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

Date: 29/06/2018 02:24:00 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.

Email this JSE Sens Item to a Friend.

Share This Story