ARCELORMITTAL SOUTH AFRICA LIMITED - Dealings in securities
ACL 201611220033A
Dealings in securities
ArcelorMittal South Africa Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1989/002164/06)
Share code: ACL
ISIN: ZAE000134961
(“the Company”)
UPDATE TO DEALINGS IN SECURITIES BY DIRECTORS
With reference to the SENS announcement issued by the Company on
12 October 2016, wherein directors and the company secretary
accepted allocation of the 2016 grant and participated in terms
of the Long Term Incentive Plan (“LTIP”) Rules, shareholders are
advised that, in respect of Mr Dean Subramanian, the Chief
Financial Officer (“CFO”), the vesting period has been amended
from a minimum of 3 years to 2 years after the date of the grant.
This amendment is in accordance with the LTIP Rules, in terms of
which grants to new appointees may be made in a shorter vesting
period than prescribed to compensate them for share based
opportunity losses suffered as a result of termination of their
previous employment.
All other information disclosed in the previous SENS announcement
remains unchanged.
Vanderbijlpark Works
22 November 2016
Sponsor to ArcelorMittal South Africa Limited
J.P. Morgan Equities South Africa Pty Ltd
Date: 22/11/2016 02:40:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
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