ACL - Dealings in Securities by Prescribed Officers
ACL - Dealings in Securities by Prescribed Officers ARCELORMITTAL SOUTH AFRICA LIMITED (Incorporated in the Republic of South Africa) (Registration number: 1989/002164/06) Share code: ACL ISIN: ZAE000134961 (“ArcelorMittal South Africa” or “the Company") DEALINGS IN SECURITIES BY A PRESCRIBED OFFICER – LTIP GRANT The Long-Term Incentive Plan (“LTIP”) has been established in line with the requirements of the JSE and was created as a mechanism to reward and retain management effectively and link remuneration to performance of the company. It has a vesting period of 3 years after the date of the conditional award of shares (grant). It is also linked to performance of the company and is 60% performance based in respect of senior executives and 50% for other executives and management. Pursuant to directors and prescribed officers accepting the 2021 grant and participating in terms of the LTIP Rules, the following information is disclosed: Prescribed Officer: Gaurav Nagpal Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of acceptance of grant: 2 August 2021 Number of LTIP shares: 581 819 Grant Price: R6.27 Total value of transaction: R3 638 005 Nature of transaction: Off market acceptance of LTIP Grant in terms of Scheme Rules Nature of interest: Direct beneficial Clearance obtained: Yes. Grant approved and issued by Board DEALINGS IN SECURITIES BY A PRESCRIBED OFFICER In compliance with paragraph 3.63 of the JSE Limited Listings Requirements, the following information is disclosed in respect of dealing in ArcelorMittal South Africa ordinary shares (“securities”): Prescribed Officer: Werner Venter Company: ArcelorMittal South Africa Limited Class of securities: Ordinary shares Date of transaction: 2 August 2021 Number of securities: 134 156 Average share price: R6.48 Lowest share price: R6.45 Highest share price: R6.51 Total value of transaction: R869 138.33 Nature of transaction: On-market sale of securities Nature of interest: Direct beneficial Clearance obtained: Yes. Vanderbijlpark Works 3 August 2021 For further information please contact: Tami Didiza: Manager: Corporate Communications Tel: (016) 889 2549 Company Secretary FluidRock Co Sec (Pty) Ltd 016 -889 4077 Sponsor to ArcelorMittal South Africa Limited Absa Bank Limited (acting through its Corporate and Investment Banking division) Date: 03-08-2021 03:30:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.