ArcelorMittal announces results of its General Meeting
Rhea-AI Summary
ArcelorMittal held its General Meeting where 78.47% of voting rights were represented, approving all resolutions by a strong majority. The meeting re-elected directors, approved a dividend of US$0.50 per share, and full documentation will be available on their website.
Positive
- ArcelorMittal's General Meeting saw a high representation of voting rights at 78.47%, indicating strong shareholder participation and approval of all resolutions.
- The approval of a dividend of US$0.50 per share reflects positively on ArcelorMittal's commitment to rewarding shareholders.
- Re-electing Mrs. Karyn Ovelmen and Mr. Clarissa Lins as directors for three-year terms shows continuity and stability in the company's leadership.
Negative
- None.
News Market Reaction
On the day this news was published, MT declined 2.87%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
30 April 2024, 18:15 CET
The Annual General Meeting (‘General Meeting’) of shareholders of ArcelorMittal held today in Luxembourg approved all resolutions by a strong majority.
In particular, the shareholders:
- Approved the distribution of a dividend of US
$0.50 per share; - Re-elected Mrs. Karyn Ovelmen and Mr. Clarissa Lins as directors of ArcelorMittal, for a term of three years each.
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 2023 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
What was the percentage of voting rights represented at the ArcelorMittal General Meeting?
What dividend per share was approved at the ArcelorMittal General Meeting?
Who were re-elected as directors at the ArcelorMittal General Meeting?
Where can the full documentation regarding the ArcelorMittal General Meeting be found?
