Aperam announces the completion of its share buyback program
20 Luglio 2018 - 6:30PM
Luxembourg, 20 July 2018 -
Aperam announces the completion of the share buyback program
announced on 30 January 2018 (hereafter the "Program"). In
aggregate, 1,800,000 shares were bought under this Program,
representing an equivalent amount of USD 82.2 million.
Technical details regarding the share
buyback program and treasury shares
Share
buyback program - Corporate authorisations and key features of the
Program
On 5 May 2015, the
annual general meeting of shareholders had authorised the Company
to repurchase its own shares in accordance with applicable laws and
regulations for a period of 5 years or until the date of its
renewal by a resolution of the general meeting of shareholders if
such renewal date is prior to the expiration of the 5 year
period.
As of 29 January 2018,
the Board of Directors of Aperam authorized the implementation of
the Program with the following key features as announced by press
release on 30 January 2018:
-
Purpose of the Program:
cancellation of shares to reduce the share capital
-
Maximum number of shares
to be acquired under the Program: 1.8 million
-
Maximum pecuniary amount
allocated to the Program: USD 100 million
-
Period of authorisation
of the Program: 2 February 2018 to 31 December 2018
The full details of the
Program - including the Mittal family intention to enter into a
shares repurchase agreement with Aperam to maintain its voting
rights in Aperam's issued share capital (net of Treasury Shares) at
the same level, pursuant to the impact of the Program - are
available in the press release dated 30 January 2018.
Share
buyback program - Disclosure of trading in own
shares under the completed Program
-
Period of repurchases:
18 May 2018 to 6 July 2018 (based on trade date)
-
Number of shares
acquired: 1,800,000
-
Out of which on Euronext
Amsterdam: 1,062,363
-
Out of which on Euronext
off market platform from the Mittal family: 737,637
-
Pecuniary amount of
shares acquired: USD 82.2 million
The weekly detailed
statements of own shares dealings made from 18 May 2018 to 6 July
2018 are available at the Company's website www.aperam.com /section
Investors & shareholders / share buyback program.
Treasury shares after completion of the Program
| Number of treasury shares |
|
| (a) Total number of treasury shares as of 31 December
2017: |
182,502 |
| (b) Additional number of treasury shares as a
consequence of the share buyback program as of 20 July 2018: |
1,800,000 |
| (c) Number of shares received as a consequence
of the call spread overlay unwinding in relation to the convertible
bonds 2021: |
13,499 |
| (d) = (a) + (b) + (c) Total number of treasury shares
as of 20 July 2018 |
1,996,001 |
On 20 July 2018, the
number of shares held by the Mittal family is 34,225,488. This
amount corresponds to 40.99% of the issued shares (net of treasury
shares).
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 EUR 4.5 billion and shipments of 1.94 million tonnes.
For further information,
please refer to our website at www.aperam.com
Contact
Corporate Communications / Investor
Relations / Laurent Beauloye: +352 27 36 27 103
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
Grafico Azioni Aperam (EU:APAM)
Storico
Da Mar 2024 a Apr 2024
Grafico Azioni Aperam (EU:APAM)
Storico
Da Apr 2023 a Apr 2024
