Spin-Off

Spin-off

Aperam was spun-off from ArcelorMittal in January 2011.

At an Extraordinary General Meeting held in Luxembourg on 25 January 2011, ArcelorMittal shareholders approved the spin-off of the company’s stainless business. As a result, they became shareholders of Aperam, a new company with an exchange ratio of 20 to 1.

Spin-off Timeline

  
January 25, 2011At 14:00 CET, ArcelorMittal shareholders approve spin-off proposal and report on the proposal during an extraordinary general meeting. New ordinary shares for Aperam are issued and allotted to ArcelorMittal shareholders on record.
January 26, 2011Ex-date for ArcelorMittal shares. New Aperam shares start trading on ‘as if and when’ (AIW) basis.
January 28, 2011COB marks record date spin-off, final eligible positions to allocate Aperam shares.
January 31, 2011
  • Aperam shares allocated within European and New York registries via Euroclear Nederland’s admitted institutions.
  • Initial settlement date of new shares.
  • First day of irrevocable trading/listing of Aperam shares (Euronext Amsterdam, Euronext Paris, Luxembourg Stock Exchange).
  • Cash settlement date for fractional shares.

Spin-off Related Documentation

Letter from Chairman and CEO 

 EN FR ES PT NL

11 Month Listing Prospectus 

EN

Summary of Prospectus 

EN FR ES

Technical Information Memorandum to Members of NYSE Euronext and Admitted Institutions of Euroclear Nederland 

EN

Spin-Off Proposal 

EN / FR

Report Prepared by the Boards of Directors of ArcelorMittal and Aperam on the Spin-Off Proposal 

EN

Reports Prepared by an Independent Auditor (PricewaterhouseCoopers) on the Spin-Off Proposal in Accordance with Article 294 of the Luxembourg Law of 10 August 1915 on Commercial Companies, as Amended (the “Law”) (EN)  

Audited Opening Balance sheet of Aperam as of September 9, 2010 

EN – Aperam EN – ArcelorMittal

Convening Notice 

EN FR ES

Information Letter for Spanish Shareholders 

ES

Documents for holders of New York Registry Shares

US Voting and Proxy Form 

EN

New York Registry Buckslip 

EN

US Information Statement 

EN

ArcelorMittal Annual Reports

2007 

EN

2008 

EN

2009 

EN – Management Report EN – Financial Information