ArcelorMittal announces results of its General Meeting
Rhea-AI Summary
ArcelorMittal (NYSE: MT) held its Annual General Meeting with 71.73% of voting rights represented. Shareholders approved key resolutions including a dividend of $0.55 per share and the implementation of buyback program(s). The meeting also resulted in the re-election of Vanisha Mittal Bhatia and Karel de Gucht as directors for three-year terms.
As the largest steel producer in Europe, ArcelorMittal operates in 60 countries with primary steelmaking in 15 countries. In 2024, the company achieved revenues of $62.4 billion, producing 57.9 million metric tonnes of crude steel and 42.4 million tonnes of iron ore.
[ "Approval of dividend distribution of $0.55 per share", "Authorization of new buyback program(s)", "Strong shareholder participation with 71.73% voting rights represented", "Solid 2024 performance with $62.4B in revenue" ]Positive
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On the day this news was published, MT declined 0.86%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
6 May 2025, 15.15 CET
The Annual General Meeting (‘General Meeting’) of shareholders of ArcelorMittal (the “Company”) held today in Luxembourg approved all resolutions by a strong majority.
In particular, the shareholders:
- Approved the distribution of a dividend of US
$0.55 per share; - Re-elected Mrs. Vanisha Mittal Bhatia and Mr. Karel de Gucht as directors of ArcelorMittal, for a term of three years each; and
- Approved the implementation of buyback program(s).
ENDS
About ArcelorMittal
ArcelorMittal is one of the world’s leading integrated steel and mining companies with a presence in 60 countries and primary steelmaking operations in 15 countries. It is the largest steel producer in Europe, among the largest in the Americas, and has a growing presence in Asia through its joint venture AM/NS India. ArcelorMittal sells its products to a diverse range of customers including the automotive, engineering, construction and machinery industries, and in 2024 generated revenues of
Our purpose is to produce smarter steels for people and planet. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for the renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
http://corporate.arcelormittal.com/
| Contact information ArcelorMittal Investor Relations | |
| General | +44 20 7543 1128 |
| Retail | +44 20 3214 2893 |
| SRI | +44 20 3214 2801 |
| Bonds/Credit | +33 171 921 026 investor.relations@arcelormittal.com |
| Contact information ArcelorMittal Corporate Communications | |
Paul Weigh Tel: E-mail: | +44 20 3214 2419 press@arcelormittal.com |
FAQ
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