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ARCELORMITTAL SOUTH AFRICA LIMITED - ACL - Dealings in securities by normal share scheme participants

Release Date: 21/08/2019 11:48
Code(s): ACL     PDF:  
Wrap Text
ACL - 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 133 normal share scheme participants accepting allocation of the 2019 grant and
participating in terms of the Long Term Incentive Plan (“LTIP”) Rules, the following information is
disclosed in accordance with sections 3.63 to 3.74 of the JSE Limited (“JSE”) Listings Requirements:

Company:                         ArcelorMittal South Africa
Class of securities:             Ordinary shares
Date of transaction:             19 August 2019
Number of LTIP shares:           22 272 680
Issue Price:                     R2.28
Total value of transaction:      R50 781 710.40
Nature of transaction:           Off market acceptance of LTIP Grant in terms of Scheme Rules
Nature of interest:              Direct Beneficial

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
21 August 2019

For further information please contact:
Mrs Vuyo Mtawa
Manager: Corporate Communications
Tel: (016) 889 4100

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

Date: 21/08/2019 11:48:00
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