Share buyback program

 

Announcement of the share buyback program prior to the start of trading  

Aperam announced on February 9, 2017 a share buyback program under the authorization given by the annual general meeting of shareholders held on 5 May 2015 (the “Program”).  


The key items of the program announcement in accordance with Market Abuse Regulation are summarized below:

  • The shares acquired under this buyback program are intended to be cancelled to reduce the share capital of Aperam.

  • Aperam intends to repurchase per day a variable number of shares at market price, for an aggregate maximum amount of one hundred (100) million US dollars, and

  • A maximum of two (2) million shares,

  • Over a period from 14th February 2017 until 30 September 2017.


The price per share, of the shares to be bought under the Program, shall not exceed 110% of the average of the final listing prices of the 30 trading days preceding the three trading days prior to each date of repurchase, in accordance to the resolution of the annual general meeting of shareholders held on 5 May 2015.

The full details of the buyback program - including the Mittal family intention to enter into a shares repurchase agreement with Aperam with the objective to maintain the family's voting rights in Aperam’s issued share capital (net of Treasury Shares) at the current level, pursuant to the Program -  are available at the following Link  


Reporting of transactions in accordance with Market Abuse Regulation

In accordance with Market Abuse Regulation, transactions relating to the buyback program  are reported below:

  • Over the period March 6 to March 10, 2017 a total of 89,864 shares were bought at a weighted average price of EUR 47.35, out of which 53,029 shares were bought on Euronext Amsterdam and 36,835 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  March 6, to March 10, 2017 is available at the following link:  PDF Link

  • Over the period March 13 to March 17, 2017 a total of 110,344 shares were bought at a weighted average price of EUR 48.21, out of which 65,114 shares were bought on Euronext Amsterdam and 45,230 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  March 13, to March 17, 2017 is available at the following link:  PDF Link

  • Over the period March 20 to March 24, 2017 a total of 111,747 shares were bought at a weighted average price of EUR 47.61, out of which 65,942 shares were bought on Euronext Amsterdam and 45,805 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  March 20, to March 24, 2017 is available at the following link:   PDF Link

  • Over the period March 27 to March 31, 2017 a total of 116,260 shares were bought at a weighted average price of EUR 46.49, out of which 68,605 shares were bought on Euronext Amsterdam and 47,655 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  March 27, to March 31, 2017 is available at the following link:  PDF Link

  • Over the period April 3 to April 7, 2017 a total of 123,871 shares were bought at a weighted average price of EUR 46.36, out of which 73,097 shares were bought on Euronext Amsterdam and 50,774 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  April 3, to April 7, 2017 is available at the following link:  PDF Link

  • Over the period April 10 to April 14, 2017 a total of 99,996 shares were bought at a weighted average price of EUR 46.00, out of which 59,008 shares were bought on Euronext Amsterdam and 40,988 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  April 10, to April 14, 2017 is available at the following link:  PDF Link

  • Over the period April 18 to April 21, 2017 a total of 100,602 shares were bought at a weighted average price of EUR 45.73, out of which 59,365 shares were bought on Euronext Amsterdam and 41,237 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  April 18, to April 21, 2017 is available at the following link:  PDF Link

  • Over the period April 24 to April 28, 2017 a total of 122,148 shares were bought at a weighted average price of EUR 47.07, out of which 72,080 shares were bought on Euronext Amsterdam and 50,068 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  April 24, to April 28, 2017 is available at the following link:  PDF Link

  • Over the period May 2 to May  5, 2017 a total of 100,624 shares were bought at a weighted average price of EUR 45.70, out of which 59,378 shares were bought on Euronext Amsterdam and 41,246 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  May 2, to May 5, 2017 is available at the following link:  PDF Link

  • Over the period May 8 to May  12, 2017 a total of 127,402 shares were bought at a weighted average price of EUR 45.19 out of which 75,180 shares were bought on Euronext Amsterdam and 52,222 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  May 8, 2017 to May 12, 2017 is available at the following link:  PDF Link

  • Over the period May 15 to May  19, 2017 a total of 179,326 shares were bought at a weighted average price of EUR 43.46 out of which 105,821 shares were bought on Euronext Amsterdam and 73,505 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  May 15, 2017 to May 19, 2017 is available at the following link:  PDF Link

  • Over the period May 22 to May  26, 2017 a total of 180,145 shares were bought at a weighted average price of EUR 43.27 out of which 106,303 shares were bought on Euronext Amsterdam and 73,842 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  May 22, 2017 to May 26, 2017 is available at the following link:  PDF Link

  • Over the period May 29 to June 2, 2017 a total of 180,983 shares were bought at a weighted average price of EUR 43.07 out of which 106,798 shares were bought on Euronext Amsterdam and 74,185 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  May 29, 2017 to June 2, 2017 is available at the following link:  PDF Link 

  • Over the period June 5, 2017 to June 9, 2017 a total of 181,431 shares were bought at a weighted average price of EUR 42.97 out of which 107,062 shares were bought on Euronext Amsterdam and 74,369 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  June 5, 2017 to June 9, 2017 is available at the following link:  PDF Link 

  • Over the period June 12, 2017 to June 16, 2017 a total of 175,257 shares were bought at a weighted average price of EUR 41.53 out of which 103,419 shares were bought on Euronext Amsterdam and 71,838 shares were bought through Euronext off market platform from the Mittal family. The detailed statement of own shares dealings made from  June 12, 2017 to June 16, 2017 is available at the following link:  PDF Link

 

Reporting obligations for persons discharging managerial responsibilities in accordance with Market Abuse Regulations

As per the shares repurchase agreement of the Mittal family described above, notification obligations for persons discharging managerial responsibilities are made available on the Company’s website, under section Corporate Governance, Share transactions by management, or at the following Link