ARCELORMITTAL SOUTH AFRICA LIMITED - ACL - Resignation of Chief Financial Officer and Executive Director2021/05/04 15:39:00
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ACL - Resignation of Chief Financial Officer and Executive Director ArcelorMittal South Africa Limited (Incorporated in the Republic of South Africa) (Registration Number 1989/002164/06) Share Code: ACL ISIN: ZAE000134961 (“ArcelorMittal South Africa” or the “company”) RESIGNATION OF CHIEF FINANCIAL OFFICER AND EXECUTIVE DIRECTOR In compliance with paragraph 3.59(b) of the Listings Requirements of the JSE Limited, shareholders are advised that Mr Desmond Maharaj has given notice to resign as the Chief Financial Officer and Executive Director of ArcelorMittal South Africa to pursue personal opportunities outside the company. To enable a successful transition, the effective date of Mr Maharaj’s resignation has taken into account the possible timing of the appointment of his successor, and it has been agreed that it will be no earlier than 31 July 2021and no later than 30 September 2021. This should allow adequate opportunity to identify a successor. The process to find a successor will commence immediately and the company will consider appropriate internal and external candidates. Shareholders will be advised once a decision in this regard has been made. The Chairman of the Board of Directors (“Board”), Mr Mpho Makwana, expressed appreciation on behalf of the Board to Mr Maharaj for his valuable contribution to the company. 4 May 2021 Vanderbijlpark Works For further information please contact: Mr Tami Didiza Group Manager: Stakeholder Engagement and Communications Tel: (016) 889 2352 Vanderbijlpark Works Sponsor to ArcelorMittal South Africa Limited Absa Bank Limited (acting through its Corporate and Investment Banking division) Date: 04-05-2021 03:39:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.