9 February 2017

Aperam announces dividend payment schedule for 2017


 


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Luxembourg, 9 February 2017 - Aperam announces its detailed dividend payment schedule for 2017.

The Company proposes to increase its base dividend from USD 1.25/share to USD 1.50/share, subject to shareholder approval at the next Annual General Meeting to be held on 10 May 2017, 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 USD 0.375 (gross) per share in 2017: on 30 March 2017, 14 June 2017, 12 September 2017 and 12 December 2017, taking into account that the first quarterly dividend payment to be paid on March 30, 2017 shall be an interim dividend.

Dividends are announced in US dollars. They 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 and paid in Euros for shares listed on the European Stock Exchanges (Netherlands, France, Luxembourg). Dividends to be paid in Euros are converted from US dollars to Euros 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 2017

 

1st Quarterly Payment (interim)

2nd Quarterly Payment

3rd Quarterly Payment

4th Quarterly Payment

Announcement date

06 March 2017

15 May 2017

11 August 2017

13 November 2017

Ex-Dividend

09 March 2017

18 May 2017

16 August 2017

16 November 2017

Record Date

10 March 2017

19 May 2017

17 August 2017

17 November 2017

Payment Date

30 March 2017

14 June 2017

12 September 2017

12 December 2017

FX Exchange rate

07 March 2017

16 May 2017

14 August 2017

14 November 2017

 

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 under, Investors & shareholders, Equity Investors, Dividends

 

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 2016, Aperam had sales of USD 4.3 billion and shipments of 1.92 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