Designated person notification

Rhea-AI Summary

ArcelorMittal has announced a notification of a share transaction by a Designated Person, available on the Luxembourg Stock Exchange's electronic database. This transaction relates to ArcelorMittal's share buyback program detailed on June 18, 2021. A significant shareholder has entered into a repurchase agreement, ensuring their voting rights remain at 36.34%. More information about the program can be found on ArcelorMittal's website under the Investors section.

Positive

• Share transaction aligns with the company's share buyback program, indicating strategic financial management.
• The significant shareholder maintaining a 36.34% voting right reflects stability and confidence in the company's governance.

Negative

• None.

News Market Reaction – MT

-0.70%

1 alert

-0.70% News Effect

On the day this news was published, MT declined 0.70%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

30 June 2021, 18:30 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 www.bourse.lu and on ArcelorMittal’s web site www.arcelormittal.com under Investors > Corporate Governance > Share Transactions by Management.

This transaction is directly connected to ArcelorMittal’s share buyback program announced on 18 June 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 www.arcelormittal.com under Investors > Equity investors > Share Buyback Program.

FAQ

What is the recent share transaction announced by ArcelorMittal?

ArcelorMittal announced a share transaction by a Designated Person, linked to its share buyback program.

How does the share buyback program affect ArcelorMittal's stock?

The buyback program indicates financial strength and helps maintain the voting rights of significant shareholders.

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

The significant shareholder's voting rights are maintained at 36.34% following the share transaction.

Where can I find more information about ArcelorMittal's share buyback program?

More details about the share buyback program are available on ArcelorMittal's official website in the Investors section.