Designated person notification

ArcelorMittal announced a share transaction notification related to its share buyback program.

Rhea-AI Summary

ArcelorMittal announced a share transaction notification related to its share buyback program. This transaction involves a repurchase agreement with a Significant Shareholder to maintain voting rights at 36.34% of the company's share capital. The details of this transaction can be found in the Luxembourg Stock Exchange database and on ArcelorMittal's website. The share buyback program was initially announced on 4 March 2021, aiming to optimize the company's capital structure.

Positive

• Share buyback program aims to enhance shareholder value.
• Maintaining voting rights at 36.34% reflects stable shareholder support.

Negative

• None.

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18 June 2021, 12:00 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 4 March 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

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What is the latest news on ArcelorMittal's share buyback program?

ArcelorMittal has confirmed a share transaction related to its share buyback program initiated on 4 March 2021, maintaining voting rights at 36.34%.

When was the share transaction notification for ArcelorMittal released?

The share transaction notification was released on 18 June 2021.

How does the share transaction affect ArcelorMittal's stock?

The share transaction is part of a buyback program, which may positively influence ArcelorMittal's stock by enhancing shareholder value.

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

Details on ArcelorMittal's share transactions are available on the Luxembourg Stock Exchange's electronic database and ArcelorMittal's website.