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Vale S.A. — Capital/Financing Update 2011
Feb 1, 2011
30050_iss_2011-02-01_075c6440-0c3e-44f7-8ae1-408250e875e0.pdf
Capital/Financing Update
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Press Release
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Vale pays holders of mandatorily convertible notes
Rio de Janeiro, January 31, 2011 – Vale S.A. (Vale) announces that the US dollar value to be paid as additional interest on its mandatorily convertible notes series VALE-2012 and VALE.P-2012 will be US$ 0.462708 and US$ 0.535173 per note, respectively.
The trustee of the mandatorily convertible notes, the Bank of New York, will pay the noteholders on February 7, 2011.
For further information, please contact: +55-21-3814-4540 Roberto Castello Branco: [email protected] Viktor Moszkowicz: [email protected] Carla Albano Miller: [email protected] Andrea Gutman: [email protected] Fernando Frey: [email protected] Marcio Loures Penna: [email protected] Samantha Pons: [email protected] Thomaz Freire: [email protected]
This press release may include declarations about Vale's expectations regarding future events or results. All declarations based upon future expectations, rather than historical facts, are subject to various risks and uncertainties. Vale cannot guarantee that such declarations will prove to be correct. These risks and uncertainties include factors related to the following: (a) the countries where Vale operates, mainly Brazil and Canada; (b) the global economy; (c) capital markets; (d) the mining and metals businesses and their dependence upon global industrial production, which is cyclical by nature; and (e) the high degree of global competition in the markets in which Vale operates. To obtain further information on factors that may give rise to results different from those forecast by Vale, please consult the reports filed with the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and with the U.S. Securities and Exchange Commission (SEC), including Vale’s most recent Annual Report on Form 20F and its reports on Form 6K.