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Shareholders of ArcelorMittal South Africa approved, at a special general meeting on 3 October 2007, a capital distribution of R1,8 billion and the company’s name change to ArcelorMittal South Africa.
The capital distribution forms part of the announcement made by ArcelorMittal South Africa at its interim results that it would return R6,35 billion to shareholders. R4, 55 billion (1021 cents per share) was distributed to shareholders in terms of the current general authority to make payments to shareholders.
The distribution of the balance of the R6, 35 billion, being R1, 8 billion, required shareholder approval which was granted.
Contact:
Tami Didiza
General Manager, Corporate Affairs
ArcelorMittal South Africa
Tel: +27 16 889 2462
Fax: +27 16 889 2465
Email:[email protected]
Source: ArcelorMittal South Africa (3 October 2007)
http://www.mittalsteelsa.com
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