Designated person notification
Rhea-AI Summary
ArcelorMittal has announced a notification regarding a share transaction by a Designated Person, as stipulated by EU Market Abuse Regulations. This transaction is linked to the company's share buyback program initiated on November 17, 2021. A significant shareholder will sell shares to maintain their voting rights at 36.34% of the company's share capital. More details on the share buyback program can be found on ArcelorMittal's website and the Luxembourg Stock Exchange.
AI-generated analysis. Not financial advice.
Positive
- The share transaction supports the stability of voting rights at 36.34%, enhancing shareholder confidence.
Negative
- None.
News Market Reaction – MT
On the day this news was published, MT gained 6.98%, reflecting a notable positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
14 December 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 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 17 November 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
