Luxembourg, 6 February 2019 (07:00 CET) - Aperam announces its detailed dividend payment schedule for 2019.
The Company proposes to increase its base dividend by about 15% from EUR 1.53/share to EUR 1.75/share , subject to shareholders approval at the next Annual General Meeting to be held on 7 May 2019, 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 EUR 0.4375 (gross) per share in 2019 as described below in the detailed dividend schedule
Dividends are announced in Euros. Dividends are paid in Euros for shares listed on the European Stock Exchanges (Amsterdam, Brussels, Paris, Luxembourg). 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 and converted from Euros to US dollars 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 2019
| 1st Quarterly Payment (interim) | 2nd Quarterly Payment | 3rd Quarterly Payment | 4th Quarterly Payment | |
| Announcement date | 26 February 2019 | 13 May 2019 | 13 August 2019 | 12 November 2019 |
| Ex-Dividend | 01 March 2019 | 16 May 2019 | 16 August 2019 | 15 November 2019 |
| Record Date | 04 March 2019 | 17 May 2019 | 19 August 2019 | 18 November 2019 |
| Payment Date | 26 March 2019 | 13 June 2019 | 13 September 2019 | 11 December 2019 |
| FX Exchange rate | 27 February 2019 | 14 May 2019 | 14 August 2019 | 13 November 2019 |
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 spread in six production facilities located in Brazil, Belgium and France.
In 2018, Aperam had sales of EUR 4,677 million and steel shipments of 1.97 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 / Thorsten Zimmermann: +352 27 36 27 304