Hold the Presses is your online newsportal en brings press releases from around the world. Journalists can use it for free, although it is their responsibilty to check the news. Hold the Presses is in no way responsible for the content of the press releases, the Sender is. We hope you enjoy reading the news we bring you on this website. If a message is published that is not acceptable, we apologize. Please contact us and we will remove the message as soon as possible.

Tuesday, 30 January 2018

Aperam announces dividend payment schedule for 2018

Aperam    

Published: 17:48 CET 30-01-2018 /GlobeNewswire /Source: Aperam / : APAM /ISIN: LU0569974404

Aperam announces dividend payment schedule for 2018

Luxembourg, 30 January 2018 - Aperam announces its detailed dividend payment schedule for 2018.

The Company proposes to increase its base dividend  from US dollar 1.50/share to US dollar 1.80/share , subject to shareholders approval at the next Annual General Meeting to be held on 9 May 2018, 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 US dollar 0.45 (gross) per share in 2018: on 29 March 2018, 13 June 2018, 14 September 2018 and 11 December 2018, taking into account that the first quarterly dividend payment to be paid on 29 March 2018 shall be an interim dividend.


Dividends are announced in US dollar. Dividends 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. Dividends are paid in EUR for shares listed on the European Stock Exchanges (Amsterdam, Brussels, Paris, Luxembourg) and converted from US dollars to EUR 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 2018


 

1st Quarterly Payment (interim)

2nd Quarterly Payment

3rd Quarterly Payment

4th Quarterly Payment

Announcement date

05 March 2018

14 May 2018

13 August 2018

12 November 2018

Ex-Dividend

08 March 2018

17 May 2018

16 August 2018

15 November 2018

Record Date

09 March 2018

18 May 2018

17 August 2018

16 November 2018

Payment Date

29 March 2018

13 June 2018

14 September 2018

11 December 2018

FX Exchange rate

06 March 2018

15 May 2018

14 August 2018

13 November 2018


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 at the following link.


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 2017, Aperam had sales of USD 5.1 billion and shipments of 1.94 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 (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of Nasdaq Corporate Solutions clients. Source: Aperam, 12C rue Guillaume Kroll, Luxembourg L- 1882, Luxemburg
If you would like to unsubscribe and stop receiving these e-mails click here.