| Mon 1 Jun 2009, 11:32 | | ACL - ArcelorMittal - Results Of Scheme Meeting And General Meeting |
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ACL
ACL
ACL - ArcelorMittal - Results Of Scheme Meeting And General Meeting
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL
ISIN: ZAE000103453
("ArcelorMittal")
RESULTS OF SCHEME MEETING AND GENERAL MEETING
1. RESULTS OF SCHEME MEETING AND GENERAL MEETING
ArcelorMittal shareholders are referred to the announcement published by
ArcelorMittal on the Securities Exchange News Service of the JSE Limited on
Wednesday 6 May 2009 relating to the scheme of arrangement proposed by
Vicva Investments and Trading Nine (Proprietary) Limited ("Acquiror"), a
wholly-owned subsidiary of ArcelorMittal, between ArcelorMittal and its
shareholders, to acquire, in terms of section 89 of the Companies Act No 61
of 1973 as amended ("the Act"), approximately 10% of the number of issued
ArcelorMittal ordinary shares from ArcelorMittal shareholders on a pro rata
basis for a consideration of R87.64 per share ("the scheme").
At the scheme meeting held on Monday 1 June 2009, the requisite majority of
scheme members, present and voting, either in person or by proxy, approved
the scheme. Furthermore, at the general meeting held on Monday 1 June
2009, which was convened shortly after the scheme meeting, the requisite
majority of ArcelorMittal shareholders, present and voting, either in
person or by proxy, approved all the resolutions required to give effect to
the scheme.
2. SUSPENSIVE CONDITIONS
Shareholders are reminded that the scheme is subject to the fulfillment of
the following conditions precedent before it can become operative:
2.1 the registration by the Companies and Intellectual Property
Registration Office of the special resolution approving the Acquiror`s
acquisition of the shares to be acquired in terms of the scheme;
2.2 the High Court of South Africa (South Gauteng High Court,
Johannesburg) ("Court") sanctioning the scheme; and
2.3 a certified copy of the Order of Court sanctioning the scheme being
registered by the Registrar of Companies in terms of the Act.
3. SCHEME CHAIRPERSON`S REPORT
A copy of the scheme chairperson`s report will be available for inspection
at ArcelorMittal`s registered office, being Room N3-5, Main Building,
Delfos Boulevard, Vanderbijlpark, 1911, during normal business hours from
Tuesday 2 June 2009 to the date on which the application is made to the
Court to sanction the scheme (anticipated to be Tuesday 9 June 2009).
4. FURTHER ANNOUNCEMENT
A further announcement regarding the outcome of the Court application and
the final salient dates and times of the scheme will be made to
shareholders on or about Tuesday 9 June 2009.
Vanderbijlpark
1 June 2009
Merchant bank and transaction sponsor
RAND MERCHANT BANK (A division of FirstRand Bank Limited)
Sponsor
Deutsche Securities (SA) (Proprietary) Limited
Legal advisors
Cliffe Dekker Hofmeyr Inc
Reporting accountants and auditors
Deloitte & Touche
Transfer secretaries
Computershare Investor Services (Proprietary) Limited
Date: 01/06/2009 11:32:02 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.
