30.10.2014, 01:33
ArcelorMittal Makes Notice to Shareholders
OREANDA-NEWS. October 30, 2014. This notice is addressed to the shareholders of ArcelorMittal Luxembourg only and is published by ArcelorMittal having its registered office at 19, avenue de la Liberte, L-2930, Luxembourg solely in its capacity as majority shareholder of ArcelorMittal Luxembourg within the meaning of the Squeeze Out Law (as defined below).
IMPORTANT NOTICE
This notice relates to the mandatory squeeze out initiated by ArcelorMittal concerning the securities in ArcelorMittal Luxembourg in accordance with the provisions of the law of 21st July 2012 relating to the squeeze out and mandatory sell out of securities admitted or having been admitted to negotiation on a regulated market or having been offered to the public (the "Squeeze Out Law.
Subject to compliance with the provisions of the Squeeze Out Law, at the end of the mandatory squeeze out procedure, the securities which have not been presented at the latest on the final payment date shall be deemed automatically transferred by operation of law to the majority shareholder without the prior consent of the holders of the remaining securities.
On 15 October 2014, la Commission de Surveillance du Secteur Financier informed ArcelorMittal and ArcelorMittal Luxembourg (hereafter "AM Luxembourg") of its acceptance of the proposed price as fair price and published the fair price on its website in accordance with article 4(6) of the Squeeze Out Law.
By this press release, ArcelorMittal informs the shareholders of AM Luxembourg of the date and the final payment conditions of the price of the shares concerned by the mandatory squeeze out.
1. Methods of payment of the share price
(a) Shareholders concerned by the mandatory squeeze out and registered in the register of shareholders of AM Luxembourg:
ArcelorMittal will on 19 November 2014 pay to the shareholders concerned by the mandatory squeeze out and registered in the register of shareholders of AM Luxembourg at the close of business on 17 November 2014 and of whom AM Luxembourg has up to date bank account details, an amount of 776.13 EUR per share held by these shareholders (the "Price"), by wire transfer to their bank account.
In order to be in a position to ensure that the data in the register of shareholders are up-to-date on the date of payment, AM Luxembourg will not accept any transfer of shares after the close of business on 17 November 2014.
The provisions set forth herebelow concerning the transfer of the shares by operation of law and the consignment of the Price will also be applicable to shareholders registered in the register of shareholders of whom AM Luxembourg does not have any up to date bank account details and to whom ArcelorMittal has not been able to wire the Price.
(b) Holders of certificates formerly representing bearer shares:
The holders of certificates formerly representing bearer shares (the "Certificates") have to present the Certificates to AM Luxembourg in order to be registered in the register of shareholders, following which the provisions described in paragraph (a) above shall apply to them.
This registration will be made against the delivery of the original of the Certificate(s) after verification of the authenticity of said Certificate(s) and of the absence of any stop order on these Certificates.
The holders of Certificates may be registered in the register of shareholders each business day in Luxembourg until 12 November 2014 (included) within business hours (i.e. between 9 am and 4 pm) at the offices of AM Luxembourg at 24-26, Boulevard d’Avranches, L-1160 Luxembourg, Grand-Duchy of Luxembourg, with the persons in charge of the reception of the Certificates concerned by the mandatory squeeze out, namely:
IMPORTANT NOTICE
This notice relates to the mandatory squeeze out initiated by ArcelorMittal concerning the securities in ArcelorMittal Luxembourg in accordance with the provisions of the law of 21st July 2012 relating to the squeeze out and mandatory sell out of securities admitted or having been admitted to negotiation on a regulated market or having been offered to the public (the "Squeeze Out Law.
Subject to compliance with the provisions of the Squeeze Out Law, at the end of the mandatory squeeze out procedure, the securities which have not been presented at the latest on the final payment date shall be deemed automatically transferred by operation of law to the majority shareholder without the prior consent of the holders of the remaining securities.
On 15 October 2014, la Commission de Surveillance du Secteur Financier informed ArcelorMittal and ArcelorMittal Luxembourg (hereafter "AM Luxembourg") of its acceptance of the proposed price as fair price and published the fair price on its website in accordance with article 4(6) of the Squeeze Out Law.
By this press release, ArcelorMittal informs the shareholders of AM Luxembourg of the date and the final payment conditions of the price of the shares concerned by the mandatory squeeze out.
1. Methods of payment of the share price
(a) Shareholders concerned by the mandatory squeeze out and registered in the register of shareholders of AM Luxembourg:
ArcelorMittal will on 19 November 2014 pay to the shareholders concerned by the mandatory squeeze out and registered in the register of shareholders of AM Luxembourg at the close of business on 17 November 2014 and of whom AM Luxembourg has up to date bank account details, an amount of 776.13 EUR per share held by these shareholders (the "Price"), by wire transfer to their bank account.
In order to be in a position to ensure that the data in the register of shareholders are up-to-date on the date of payment, AM Luxembourg will not accept any transfer of shares after the close of business on 17 November 2014.
The provisions set forth herebelow concerning the transfer of the shares by operation of law and the consignment of the Price will also be applicable to shareholders registered in the register of shareholders of whom AM Luxembourg does not have any up to date bank account details and to whom ArcelorMittal has not been able to wire the Price.
(b) Holders of certificates formerly representing bearer shares:
The holders of certificates formerly representing bearer shares (the "Certificates") have to present the Certificates to AM Luxembourg in order to be registered in the register of shareholders, following which the provisions described in paragraph (a) above shall apply to them.
This registration will be made against the delivery of the original of the Certificate(s) after verification of the authenticity of said Certificate(s) and of the absence of any stop order on these Certificates.
The holders of Certificates may be registered in the register of shareholders each business day in Luxembourg until 12 November 2014 (included) within business hours (i.e. between 9 am and 4 pm) at the offices of AM Luxembourg at 24-26, Boulevard d’Avranches, L-1160 Luxembourg, Grand-Duchy of Luxembourg, with the persons in charge of the reception of the Certificates concerned by the mandatory squeeze out, namely:
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