The Ordinary and Extraordinary General Meetings of Aperam approve all resolutions on the agenda
Luxembourg, 12 July 2011 - The Ordinary and Extraordinary General Meetings of shareholders of Aperam held today in Luxembourg approved all resolutions on the agenda by a large majority.
41 988 479 shares, or 53.79% of the Company's share capital, were present or represented at the meetings. The results of the votes will be posted in due course on www.aperam.com under "Investors " > "General Meeting - 12 July 2011".
In particular, the shareholders approved the statutory accounts for the financial period 1 January to 25 January 2011 and elected Ms. Laurence Mulliez, CEO of Eoxis, a privately held company producing energy from renewable sources, as an independent member of Aperam's Board of Directors. Ms. Laurence Mulliez will serve for a term of three years.
In addition, the shareholders approved the implementation of the new Restricted Share Unit Plan and Performance Share Unit Plan 2011 as well as amendments to the Company's articles of association intended to strengthen the rights of shareholders.
Aperam is a global player in stainless, electrical and specialty steel, with operations in more than 30 countries. The business is organised in three divisions: Stainless & Electrical Steel, Services & 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 9,900 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 2010, Aperam had revenues of USD 5.6 billion and shipments of 1.74 million tonnes.
Investor Relations - Michael Bennett: +352 27 36 27 36
Media - Jean Lasar: +352 27 36 27 27