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

25 Jan. 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.
26 Jan. 2011Ex-date for ArcelorMittal shares. New Aperam shares start trading on ‘as if and when’ (AIW) basis.
28 Jan. 2011COB marks record date spin-off, final eligible positions to allocate Aperam shares.
31 Jan. 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

General Documents

  • Letter from Chairman and CEO PT NL EN FR ES
  • 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