Designated person notification

On August 31, 2021, ArcelorMittal announced a share transaction related to its ongoing share buyback program initiated on July 29, 2021.

Rhea-AI Summary

On August 31, 2021, ArcelorMittal announced a share transaction related to its ongoing share buyback program initiated on July 29, 2021. A key shareholder has entered into a repurchase agreement to maintain their voting rights at 36.34% in the company's share capital. The details of this transaction can be accessed via the Luxembourg Stock Exchange’s database and on ArcelorMittal’s official website under the Investors section. This move aims to support the share buyback program and sustain the shareholder's influence in company decisions.

Positive

• Share buyback program initiated on July 29, 2021, aims to enhance shareholder value.
• Key shareholder maintains voting rights at 36.34%, providing stability in governance.

Negative

• None.

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31 August 2021, 15:35 CET

With reference to Article 19(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulations), ArcelorMittal announces that a notification of a share transaction by a Designated Person (i.e. Directors or Executive Officers) is available in the Luxembourg Stock Exchange’s electronic database OAM on https://www.bourse.lu/home and on ArcelorMittal’s web site https://corporate.arcelormittal.com under Investors > Corporate Governance > Share Transactions by Management.

This transaction is directly connected to ArcelorMittal’s share buyback program announced on 29 July 2021. ArcelorMittal’s Significant Shareholder has entered into a share repurchase agreement with ArcelorMittal to sell shares so that its voting rights in ArcelorMittal’s share capital (net of treasury shares) is maintained at the current level of 36.34%. Further details on the share buyback program are available on https://corporate.arcelormittal.com under Investors > Equity investors > Share Buyback Program.

FAQ

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

What is ArcelorMittal's share buyback program?

ArcelorMittal's share buyback program was announced on July 29, 2021, aimed at repurchasing shares to enhance shareholder value.

What is the current voting rights percentage of ArcelorMittal's significant shareholder?

The significant shareholder maintains voting rights at 36.34% in ArcelorMittal's share capital.

Where can I find details about ArcelorMittal's share transactions?

Details about ArcelorMittal's share transactions can be found in the Luxembourg Stock Exchange’s database and on their corporate website under the Investors section.

When was the share transaction notification by ArcelorMittal released?

The share transaction notification was released on August 31, 2021.

How does the share repurchase agreement affect ArcelorMittal's governance?

The share repurchase agreement ensures that the significant shareholder retains their voting rights, thus providing stability in governance.