The Extraordinary General Meeting of Shareholders of ArcelorMittal renews and broadens the authorised share capital
Luxembourg, 17 June 2009 - The Extraordinary General Meeting of shareholders of ArcelorMittal held today in Luxembourg approved the sole resolution on its agenda.
746,489,458 shares, or 52.5% of the Company's share capital, were present or represented at the meeting. 726,938,172 shares, or 97.45% of the shares present and represented, voted in favour of the resolution. The purpose of this resolution is to renew and broaden the authorisation to the Board of Directors to increase the issued share capital of ArcelorMittal by a maximum of 168,173,653 shares during a period of five years.
As a consequence of the approval of the resolution submitted to today's EGM, the Company will issue, on 22 June 2009, 112,088,263 new shares to settle the Common Stock Offering announced on 29 April 2009 and closed on 6 May 2009. Following this issuance, the total number of issued ArcelorMittal shares will be 1,560,914,610.
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.
Through its core values of Sustainability, Quality and Leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge; it takes a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change.
In 2008, ArcelorMittal had revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
746,489,458 shares, or 52.5% of the Company's share capital, were present or represented at the meeting. 726,938,172 shares, or 97.45% of the shares present and represented, voted in favour of the resolution. The purpose of this resolution is to renew and broaden the authorisation to the Board of Directors to increase the issued share capital of ArcelorMittal by a maximum of 168,173,653 shares during a period of five years.
As a consequence of the approval of the resolution submitted to today's EGM, the Company will issue, on 22 June 2009, 112,088,263 new shares to settle the Common Stock Offering announced on 29 April 2009 and closed on 6 May 2009. Following this issuance, the total number of issued ArcelorMittal shares will be 1,560,914,610.
About ArcelorMittal
ArcelorMittal is the world's leading steel company, with operations in more than 60 countries.
ArcelorMittal is the leader in all major global steel markets, including automotive, construction, household appliances and packaging, with leading R&D and technology, as well as sizeable captive supplies of raw materials and outstanding distribution networks. With an industrial presence in over 20 countries spanning four continents, the Company covers all of the key steel markets, from emerging to mature.
Through its core values of Sustainability, Quality and Leadership, ArcelorMittal commits to operating in a responsible way with respect to the health, safety and wellbeing of its employees, contractors and the communities in which it operates. It is also committed to the sustainable management of the environment and of finite resources. ArcelorMittal recognises that it has a significant responsibility to tackle the global climate change challenge; it takes a leading role in the industry's efforts to develop breakthrough steelmaking technologies and is actively researching and developing steel-based technologies and solutions that contribute to combat climate change.
In 2008, ArcelorMittal had revenues of $124.9 billion and crude steel production of 103.3 million tonnes, representing approximately 10 per cent of world steel output.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Brussels (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
No comments:
Post a Comment