Arcelor Announces Withdrawal of the Convening of Its June 21 General Meeting.LUXEMBOURG -- In light of the current discussions between the management of Arcelor (ISIN Isin (ĭs`ĭn), capital of an ancient Semitic kingdom of N Babylonia. The city became important after the third dynasty of Ur fell to the Elamites and the Amorites (c.2025 B.C.). The phase from c.2025–c.1763 B.C. :LU0140205948) (Pink Sheets:ARLOF) (Paris:LOR LOR Letter Of Reprimand (military) LoR Lord of the Rings (J.R.R. Tolkien) LOR Learning Object Repository LOR Linux.Org. ) and Mittal Steel, and in order not to impair any solution for the future of Arcelor the board of directors has resolved to withdraw the convening of the extraordinary general meeting of June 21st, 2006. This meeting will therefore not be held at that date. Shares blocked in order to allow participation at that meeting in person or by proxy can be unblocked immediately. The board of directors nevertheless confirms its intention to implement the Arcelor value plan and to distribute EUR EUR In currencies, this is the abbreviation for the Euro. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. 6.5 billion to its shareholders, as per its decision of April 3, 2006. The board of directors reserves the right to convene an extraordinary general shareholders' meeting shareholders' meeting n. a meeting, usually annual, of all shareholders of a corporation (although in large corporations only a small percentage attend) to elect the Board of Directors and hear reports on the company's business situation. in order to allow its shareholders to decide on such distribution in case the unsolicited offer by Mittal Steel was not successful. That meeting will also vote on the proposal of the board to amend Arcelor's Articles of Association in order to allow shareholders holding at least 1% of the shares outstanding to request that draft resolutions be placed on the agenda of the meeting. About Arcelor Arcelor is the number one steel company in the world with a turnover of 32.6 billion euros in 2005. The company holds leadership positions in its main markets: automotive, construction, household appliances and packaging as well as general industry. The company - number one steel producer in Europe and Latin America Latin America, the Spanish-speaking, Portuguese-speaking, and French-speaking countries (except Canada) of North America, South America, Central America, and the West Indies. - ambitions to further expand internationally in order to capture the growth potential of developing economies and offer technologically advanced steel solutions to its global customers. In 2006, Arcelor employs 110,000 associates in over 60 countries. The company places its commitment to sustainable development Sustainable development is a socio-ecological process characterized by the fulfilment of human needs while maintaining the quality of the natural environment indefinitely. The linkage between environment and development was globally recognized in 1980, when the International Union at the heart of its strategy and ambitions to be a benchmark for economic performance, labour relations labour relations (US), labor relations npl → relations fpl dans l'entreprise labour relations labour npl → Beziehungen pl and social responsibility. For more information visit www.arcelor.com |
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