Trading in Aperam New York registry shares launched under symbol APEMY
Luxembourg, 2 February 2011 (2.30pm CET) – Aperam announces that its New York registry shares (NYRS) will trade in the over-the-counter (OTC) marketplace under the symbol APEMY, with each NYRS representing one ordinary share. Aperam further announces that it has appointed Citi, acting through Citibank N.A., as registrar and transfer agent for its NYRS programme.
Bernard Fontana, CEO of Aperam commented: “We are excited at the prospects of Aperam, which, as a stand alone stainless, electrical and specialty steel company, is better positioned to manage its funding and capital needs and create value for our shareholders. We are committed to developing a strong shareholder base in the US and pleased with the appointment of Citi as our agent."
Dirk Jones, Global Head of Securities and Fund Services Client Sales Management said: “The spin-off of Aperam from ArcelorMittal is a momentous event for both firms, and we are pleased that Aperam has chosen Citi as registrar and transfer agent for their NYRS programme. As a newly-minted company, Aperam will require an agent that can help them attract a wide range of investors, raise global visibility and awareness of the new venture with a wide range of investors, and guide them through the investor relations process.”
In order for ArcelorMittal NYRS shareholders to receive Aperam NYRS as a result of the spin-off, shareholders must have held ArcelorMittal NYRS on the record date, January 28, 2011.
Information on Citi’s Depositary Receipt Services can be found on: www.citi.com/dr.
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
Investor Relations / Michael Bennett: +44 (0) 78 2594 2938
Corporate Communications / Jean Lasar: +352 4792 2359