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
