Citi Appointed Registrar and Transfer Agent, Paying Agent and Shareholder Services Agent for Aperam’s NYRS Programme
London - February 2, 2011 – Citi today announced that its Global Transaction Services business, acting through Citibank N.A., has been appointed by Aperam, a Luxembourg based stainless steel producer, as registrar and transfer agent, paying agent and shareholder services agent for its New York Registry Share (NYRS) program. Aperam, a spin-off of ArcelorMittal’s stainless steel division, trades in the OTC marketplace under the symbol APEMY, with each NYRS representing 1 ordinary share.
Bernard Fontana, CEO of Aperam commented: "We are excited at the prospects of Aperam, which, as a stand alone stainless, electrical and specialty steel company, is better positioned to manage its funding and capital needs and create value for our shareholders. We are committed to developing a strong shareholder base in the US and pleased with the appointment of Citi as our agent."
Dirk Jones, Global Head of Securities and Fund Services Client Sales Management said, "The spin off of Aperam from ArcelorMittal is a momentous event for both firms, and we are pleased that Aperam has chosen Citi as registrar and transfer agent for their NYRS program. As a newly-minted company, Aperam will require an agent that can help them raise global visibility and awareness of the new venture with a wide range of investors, and guide them through the investor relations process. Based on Citi’s experience, we are confident that we can help Aperam successfully navigate these challenges as they seek to grow the company on a global scale."
For more information on Citi’s Depositary Receipt Services, visit www.citi.com/dr.
Global Transaction Services, a division of Citi’s Institutional Clients Group, offers integrated cash management, trade, and securities and fund services to multinational corporations, financial institutions and public sector organizations around the world. With a network that spans more than 100 countries, Citi’s Global Transaction Services supports over 65,000 clients. As of the fourth quarter of 2010, it held on average $353 billion in liability balances and $12.6 trillion in assets under custody.
Aperam is a global player in stainless, electrical and specialty steel, with operations in more than 30 countries. The business is organized in three divisions: Stainless & Electrical Steel, Service & Solutions, Alloys & Specialties. Aperam has 2.5 million tonnes of flat stainless steel capacity in Europe and Brazil and is a leader in high value added niches – alloys and specialties. Aperam has also 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 6 main plants located in Brazil, Belgium and France. Aperam has about 9,800 employees. Aperam commits to operate in a responsible way with respect to 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. Additional information may be found at www.aperam.com.
Citi, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Through Citicorp and Citi Holdings, Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Additional information may be found at www.citigroup.com or www.citi.com.