ArcelorMittal Buys 61.7 Million Call Options on Its Own Shares and Sells 26.48 Million Treasury Shares
14 Dicembre 2010 - 10:05PM
Business Wire
Regulatory News:
Following the reopening of its share buy-back program as
announced on 26 November 2010, ArcelorMittal acquired on 14
December 2010 euro-denominated call options on 61,728,395 of its
own shares with a strike price of EUR 20.25 per share.
The 61.7 million of call options acquired allow ArcelorMittal to
hedge its obligations arising primarily out of the potential
conversion of the 7.25% bonds convertible into and/or exchangeable
for new or existing ArcelorMittal shares due 1 April 2014 (ISIN
XS0420253212) and secondarily under the share-based employee
incentive plans of the group.
On 14 December, ArcelorMittal sold 26.48 million treasury shares
through an over-the-counter block trade for a price of EUR 26.4227
per share.
As a result of the transaction, ArcelorMittal strengthens its
equity by EUR 699.67 million.
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with
operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets,
including automotive, construction, household appliances and
packaging, with leading R&D and technology, as well as sizeable
captive supplies of raw materials and outstanding distribution
networks. With an industrial presence in over 20 countries spanning
four continents, the Company covers all of the key steel markets,
from emerging to mature.
Through its core values of sustainability, quality and
leadership, ArcelorMittal commits to operating in a responsible way
with respect to the health, safety and wellbeing of its employees,
contractors and the communities in which it operates. It is also
committed to the sustainable management of the environment and of
finite resources. ArcelorMittal recognises that it has a
significant responsibility to tackle the global climate change
challenge; it takes a leading role in the industry's efforts to
develop breakthrough steelmaking technologies and is actively
researching and developing steel-based technologies and solutions
that contribute to combat climate change.
In 2009, ArcelorMittal had revenues of $65.1 billion and crude
steel production of 73.2 million tonnes, representing approximately
8 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT),
Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on
the Spanish stock exchanges of Barcelona, Bilbao, Madrid and
Valencia (MTS).
For more information about ArcelorMittal visit:
www.arcelormittal.com
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