Aperam announces dividend payment schedule for 2011
Luxembourg, 15 February 2011 – Aperam, a leading producer of stainless and specialty steels, announces its detailed dividend payment schedule for 2011, following approval in principle by a general meeting of the Company held on 21 January 2011 of the payment of an interim dividend of US$0.75 per Company share. The dividend will be paid in four equal quarterly installments of US$0.1875 (gross) per share.
Quarterly payments of US$0.1875 per share will occur on 30 March, 14 June, 12 September and 12 December 2011.
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.
|1st Quarter 2011||USA, Netherlands, France, Luxembourg|
|Record Date||14 March|
|Payment Date||30 March|
|FX Exchange Date:||09 March|
|2nd Quarter 2011||USA, Netherlands, France, Luxembourg|
|Record Date||24 May|
|Payment Date||14 June|
|FX Exchange Date:||19 May|
|3rd Quarter 2011||USA, Netherlands, France, Luxembourg|
|Record Date||23 August|
|Payment Date||12 September|
|FX Exchange Date:||18 August|
|4th Quarter 2011||USA, Netherlands, France, Luxembourg|
|Record Date||22 November|
|Payment Date||12 December|
|FX Exchange Date:||17 November|
Aperam is a global player in stainless, electrical and specialty steel, with operations in more than 30 countries. The business is organized in three divisions: Stainless & Electrical Steel, Service & Solutions, Alloys & Specialties. Aperam has 2.5 million tonnes of flat stainless steel capacity in Europe and Brazil and is a leader in high value added niches - alloys and specialties. Aperam has also 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 6 main plants located in Brazil, Belgium and France. Aperam has about 9,800 employees. Aperam commits to operate in a responsible way with respect to 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. In 2009, Aperam had revenues of USD 4.2 billion and shipments of 1.45 million tonnes.
Aperam contact information
Corporate Communications / Jean Lasar: +352 4792 2359
Investor Relations / Michael Bennett: +44 (0) 78 2594 2938