ArcelorMittal announces results of its General Meetings

ArcelorMittal (NYSE:MT) held Annual and Extraordinary General Meetings on 5 May 2026 where shareholders representing 82.28% of voting rights approved all resolutions.

Rhea-AI Summary

ArcelorMittal (NYSE:MT) held Annual and Extraordinary General Meetings on 5 May 2026 where shareholders representing 82.28% of voting rights approved all resolutions. Key approvals included a US$0.60 per share dividend, re‑election/election of directors, cancellation of repurchased shares reducing issued share capital, and renewal of capital‑increase authorization.

Positive

• Dividend of US$0.60 per share approved
• Shareholder turnout of 82.28% voting rights represented
• Board refreshed with election of Roy Harvey

Negative

• Share cancellation reduces issued share capital after buybacks
• Renewal of capital increase authorization could allow future dilution if used

Argus May 5 session

+5.04% close to close Open Argus

Details

News Market Reaction – MT

In the May 5 session, MT gained 5.04%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.0% in the session following this news. A strong positive reaction aligns with the...

Analysis

The stock moved +5.0% in the session following this news. A strong positive reaction aligns with the shareholder-friendly tone of the General Meetings, where a dividend of US$0.60 per share and share cancellation following the buyback program were approved. Historically, earnings-related updates, such as the Apr 30, 2026 results, have seen constructive moves. Investors could weigh how capital returns and reduced share count fit alongside recent financial disclosures and whether governance authorizations to increase capital alter long-term dilution and capital allocation dynamics.

Key Figures

Approved dividend: US$0.60 per share Voting rights represented: 82.28% Share price: $55.39 +5 more

Approved dividend

US$0.60 per share

Dividend distribution approved at General Meetings

Voting rights represented

82.28%

Participation at 5 May 2026 General Meetings

Share price

$55.39

Pre-news current price

Daily change

-2.57%

Price change over prior 24h before news

52-week high

$67.60

52-week range high

52-week low

$29.62

52-week range low

200-day MA

$45.60

Technical context before this news

Market cap

$43,270,002,810

Equity value before General Meetings results

Historical Context

5 past events · Latest: Apr 30

5 events

1. Apr 30

   Quarterly earnings

   24h Move

   +2.3%

   1Q 2026 results with EBITDA, net income and capex guidance update.

2. Apr 23

   Consensus publication

   24h Move

   -2.5%

   Release of 1Q 2026 sell-side analyst EBITDA and EPS consensus.

3. Apr 23

   Sustainability report

   24h Move

   -2.5%

   2025 Sustainability Report with emissions reduction and decarbonization projects.

4. Mar 27

   Statutory results

   24h Move

   -2.7%

   Publication of 2025 parent-company statutory financial statements.

5. Mar 17

   Insider dealings notice

   24h Move

   +1.2%

   Notification of share transactions by designated persons under MAR.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

share buyback program, preferential subscription right, issued share capital

3 terms

share buyback program financial

"following the cancellation of shares repurchased under its share buyback program; and"

A share buyback program is when a company uses its cash to repurchase its own outstanding shares from the market, reducing the number of shares available to investors. That matters because it can raise the value of remaining shares and signal management's confidence in the business—similar to a bakery buying back unsold loafs to make each remaining loaf represent a larger share of its oven’s output—though buybacks can also affect cash available for other uses.

preferential subscription right regulatory

"to limit or suspend the preferential subscription right of existing shareholders."

A preferential subscription right is the entitlement that lets existing shareholders buy newly issued shares before they are offered to the public, so they can keep the same slice of ownership. Think of it as being offered first dibs on extra pieces of a pie to avoid your share shrinking; for investors it matters because exercising the right prevents dilution of voting power and economic interest and can preserve the value of their stake.

issued share capital financial

"cancel shares and to consequently reduce the issued share capital following the cancellation"

Issued share capital is the total value or number of a company's shares that have been created and given to investors, employees or others; think of it as the slices of a cake that have already been cut and distributed. It matters to investors because it determines ownership percentages, potential voting power and how future share sales can dilute existing holdings, affecting share value and control.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

5 May 2026, 13.20 CET

The Annual General Meeting and the Extraordinary General Meeting (‘General Meetings’) of shareholders of ArcelorMittal (the “Company”) held today in Luxembourg approved all resolutions by a strong majority.

82.28% of the voting rights were represented at the General Meetings. The results of the votes will be posted shortly on www.arcelormittal.com under “Investors – Equity investors – Shareholders events – AGM – General Meetings ottf shareholders, 5 May 2026” where the full documentation regarding the General Meetings is available.

In particular, the shareholders:

• Approved the distribution of a dividend of US$0.60 per share;
  
  
• Re-elected Mr. Lakshmi Niwas Mittal, Mr. Aditya Mittal, Mr. Etienne Schneider, Mr. Michel Wurth, Mrs. Patricia Barbizet and elected Mr. Roy Harvey as directors of ArcelorMittal, for a term of three years each;
  
  
• Approved the decision to cancel shares and to consequently reduce the issued share capital following the cancellation of shares repurchased under its share buyback program; and
  
  

• Approved the renewal of the authorization given to the Board of Directors to increase the share capital of the Company and to limit or suspend the preferential subscription right of existing shareholders.
  
  

ENDS

About ArcelorMittal

ArcelorMittal is one of the world's leading steel and mining companies, with a presence in 60 countries and primary steelmaking facilities in 14 countries. In 2025, ArcelorMittal had revenues of $61.4 billion and crude steel production of 55.6 million metric tonnes, while iron ore production reached 48.8 million metric tonnes.

Our goal is to help build a better world with smarter steels. 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 electric vehicles and 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. This is what we believe it takes to be the steel company of the future.

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). For more information about ArcelorMittal please visit: https://corporate.arcelormittal.com/

Enquiries

ArcelorMittal investor relations: +44 207 543 1128; ESG: +44 203 214 2801 and Bonds/credit: +33 1 57 95 50 35.
E-mail: investor.relations@arcelormittal.com

ArcelorMittal corporate communications (e-mail: press@arcelormittal.com) +44 207 629 7988. Contact: Paul Weigh +44 203 214 2419

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did ArcelorMittal (MT) shareholders approve on 5 May 2026?

Shareholders approved a US$0.60 per share dividend on 5 May 2026. According to the company, this distribution was one of the resolutions passed at the General Meetings and will be paid under the company’s announced dividend procedures.

How many voting rights were represented at ArcelorMittal's 5 May 2026 General Meetings (MT)?

82.28% of voting rights were represented at the meetings. According to the company, that level of attendance reflects strong shareholder participation for the Annual and Extraordinary General Meetings held in Luxembourg.

What did ArcelorMittal (MT) approve regarding its share capital at the 5 May 2026 meetings?

Shareholders approved cancellation of repurchased shares, reducing issued share capital, and renewed board authorization to increase capital. According to the company, these measures update capital structure and permit future capital actions if needed.

Who was elected to ArcelorMittal's board at the 5 May 2026 General Meetings (MT)?

Mr. Roy Harvey was elected and several directors were re‑elected to three‑year terms. According to the company, elected directors include Lakshmi Niwas Mittal, Aditya Mittal, Etienne Schneider, Michel Wurth, Patricia Barbizet, and Roy Harvey.

What does the renewal of capital increase authorization mean for ArcelorMittal (MT) shareholders?

It permits the board to raise capital and limit or suspend preferential subscription rights. According to the company, this authorization gives the board flexibility to issue shares but could lead to shareholder dilution if exercised.