AI assistant
Vale S.A. — Capital/Financing Update 2012
Jun 18, 2012
30050_iss_2012-06-18_991f4865-12b8-47c2-be3a-6627e182dde3.pdf
Capital/Financing Update
Open in viewerOpens in your device viewer
Press Release
==> picture [118 x 55] intentionally omitted <==
==> picture [448 x 36] intentionally omitted <==
Vale completes mandatory conversion of convertible notes
Rio de Janeiro, June 15, 2012 – Vale S.A. (Vale) announces that the mandatorily convertible notes due on June 15, 2012 of its wholly-owned subsidiary Vale Capital II, series VALE-2012 and VALE.P2012, were converted today into common and preferred American Depositary Shares (ADSs), respectively.
The conversion rate, which is the number of ADSs deliverable upon conversion of each note on the applicable date, was 2.7082 common ADSs per series VALE-2012 and 3.0993 preferred ADSs per series VALE.P-2012.
The ADSs, into which the series Vale-2012 notes were converted, represented an aggregate of 15,836,884 common shares, equivalent to 1.3% of outstanding common shares, and the series VALE.P-2012 notes represented an aggregate of 40,241,968 preferred class A shares, equivalent to 2.2% of outstanding preferred class A shares.
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] Christian Perlingiere: [email protected] Marcio Loures Penna: [email protected] Rafael Rondinelli: [email protected] Samantha Pons: [email protected] Thomaz Freire: [email protected]
This press release may include statements that present Vale’s expectations about future events or results. All statements, when based upon expectations about the future and not on historical facts, involve various risks and uncertainties. Vale cannot guarantee that such statements will prove correct. These risks and uncertainties include factors related to the following: (a) the countries where we operate, especially Brazil and Canada; (b) the global economy; (c) the capital markets; (d) the mining and metals prices and their dependence on global industrial production, which is cyclical by nature; and (e) global competition in the markets in which Vale operates. To obtain further information on factors that may lead to results different from those forecast by Vale, please consult the reports Vale files with the U.S. Securities and Exchange Commission (SEC), the Brazilian Comissão de Valores Mobiliários (CVM), the French Autorité des Marchés Financiers (AMF), and The Stock Exchange of Hong Kong Limited, and in particular the factors discussed under “Forward-Looking Statements” and “Risk Factors” in Vale’s annual report on Form 20-F.