Aperam announces dividend payment schedule for 2017
February 09 2017 - 11:45AM
Luxembourg, 9 February 2017 -
Aperam announces its detailed dividend payment schedule for
2017.
The Company proposes to
increase its base dividend from USD 1.25/share to USD 1.50/share,
subject to shareholder approval at the next Annual General Meeting
to be held on 10 May 2017, as the company continues to improve its
sustainable profitability benefiting from its strategic
actions.
The dividend payments
would occur in four equal quarterly installments of USD 0.375
(gross) per share in 2017: on 30 March 2017, 14 June 2017, 12
September 2017 and 12 December 2017, taking into account that the
first quarterly dividend payment to be paid on March 30, 2017 shall
be an interim dividend.
Dividends are announced
in US dollars. They are paid in US dollars for shares traded in the
United States on the over-the-counter market in the form of New
York registry shares and paid in Euros for shares listed on the
European Stock Exchanges (Netherlands, France, Luxembourg).
Dividends to be paid in Euros are converted from US dollars to
Euros based on the European Central Bank exchange rate at the date
mentioned in the table below. A Luxembourg withholding tax of 15%
is applied on the gross dividend amounts.
Table: Detailed dividend
schedule 2017
|
1st Quarterly Payment (interim) |
2nd Quarterly Payment |
3rd Quarterly Payment |
4th Quarterly Payment |
Announcement date |
06 March
2017 |
15 May
2017 |
11 August
2017 |
13 November
2017 |
Ex-Dividend |
09 March
2017 |
18 May
2017 |
16 August
2017 |
16 November
2017 |
Record Date |
10 March
2017 |
19 May
2017 |
17 August
2017 |
17 November
2017 |
Payment Date |
30 March
2017 |
14 June
2017 |
12 September
2017 |
12 December
2017 |
FX Exchange rate |
07 March
2017 |
16 May
2017 |
14 August
2017 |
14 November
2017 |
In order to benefit from
exemption of Luxembourg dividend withholding tax at source, an
"Informative Memorandum" describing the procedure to obtain an
exemption at source of the Luxembourg dividend withholding tax is
available under, Investors & shareholders, Equity Investors,
Dividends
About Aperam
Aperam is a global
player in stainless, electrical and specialty steel, with customers
in over 40 countries. The business is organized in three primary
operating segments: Stainless & Electrical Steel, Services
& Solutions and Alloys & Specialties.
Aperam has 2.5 million
tonnes of flat Stainless and Electrical steel capacity in Brazil
and Europe and is a leader in high value specialty products. Aperam
has 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 six production facilities located in Brazil,
Belgium and France.
In 2016, Aperam had
sales of USD 4.3 billion and shipments of 1.92 million
tonnes.
For further information, please refer to our website at
www.aperam.com
Contact
Corporate Communications / Laurent
Beauloye: +352 27 36 27 103
Investor Relations / Romain Grandsart: +352 27 36 27 36
This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Aperam via Globenewswire
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