Aperam announces dividend payment schedule for 2018
30 Gennaio 2018 - 05:48PM
Luxembourg, 30 January 2018 -
Aperam announces its detailed dividend payment schedule for
2018.
The Company proposes to
increase its base dividend from US dollar 1.50/share to US
dollar 1.80/share , subject to shareholders approval at the next
Annual General Meeting to be held on 9 May 2018, as the company
continues to improve its sustainable profitability benefiting from
its strategic actions.
The dividend payments
would occur in four equal quarterly installments of US dollar 0.45
(gross) per share in 2018: on 29 March 2018, 13 June 2018, 14
September 2018 and 11 December 2018, taking into account that the
first quarterly dividend payment to be paid on 29 March 2018 shall
be an interim dividend.
Dividends are announced
in US dollar. Dividends are paid in US dollars for shares traded in
the United States on the over-the-counter market in the form of New
York registry shares. Dividends are paid in EUR for shares listed
on the European Stock Exchanges (Amsterdam, Brussels, Paris,
Luxembourg) and converted from US dollars to EUR based on the
European Central Bank exchange rate at the date mentioned in the
table below. A Luxembourg withholding tax of 15% is applied on the
gross dividend amounts.
Table: Detailed dividend
schedule 2018
|
1st Quarterly Payment (interim) |
2nd Quarterly Payment |
3rd Quarterly Payment |
4th Quarterly Payment |
Announcement date |
05 March
2018 |
14 May
2018 |
13 August
2018 |
12 November
2018 |
Ex-Dividend |
08 March
2018 |
17 May
2018 |
16 August
2018 |
15 November
2018 |
Record Date |
09 March
2018 |
18 May
2018 |
17 August
2018 |
16 November
2018 |
Payment Date |
29 March
2018 |
13 June
2018 |
14 September
2018 |
11 December
2018 |
FX Exchange rate |
06 March
2018 |
15 May
2018 |
14 August
2018 |
13 November
2018 |
In order to benefit from
exemption of Luxembourg dividend withholding tax at source, an
"Informative Memorandum" describing the procedure to obtain an
exemption at source of the Luxembourg dividend withholding tax is
available at the following link.
About Aperam
Aperam is a global
player in stainless, electrical and specialty steel, with customers
in over 40 countries. The business is organized in three primary
operating segments: Stainless & Electrical Steel, Services
& Solutions and Alloys & Specialties.
Aperam has 2.5 million
tonnes of flat Stainless and Electrical steel capacity in Brazil
and Europe and is a leader in high value specialty products. Aperam
has a highly integrated distribution, processing and services
network and a unique capability to produce stainless and specialty
from low cost biomass (charcoal). Its industrial network is
concentrated in six production facilities located in Brazil,
Belgium and France.
In 2017, Aperam had
sales of USD 5.1 billion and shipments of 1.94 million tonnes.
For further information,
please refer to our website at www.aperam.com
Contact
Corporate Communications / Laurent
Beauloye: +352 27 36 27 103
Investor Relations / Romain Grandsart: +352 27 36 27 36
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aperam via Globenewswire
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