What is the share transaction announcement from ArcelorMittal?

ArcelorMittal announced a notification of a share transaction by Designated Persons under Market Abuse Regulations.

When was the share buyback program initiated by ArcelorMittal?

The share buyback program was announced on 4 March 2021.

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

Details about the share buyback program are available on ArcelorMittal's website under the Investors section.

Designated person notification

ArcelorMittal reported a share transaction notification by Designated Persons, as announced under the Market Abuse Regulations.

Rhea-AI Impact

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Rhea-AI Sentiment

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Sentiment and the balance of points

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Rhea-AI Summary

ArcelorMittal reported a share transaction notification by Designated Persons, as announced under the Market Abuse Regulations. This transaction is linked to a share buyback program initiated on 4 March 2021, aimed at maintaining significant shareholder voting rights at 36.34% of total share capital.

Details of the transaction and the share buyback program are accessible on the Luxembourg Stock Exchange and ArcelorMittal's official website under the Investors section.

Positive

Share buyback program supports stock price stability.
Maintaining significant shareholder voting rights at 36.34% reinforces investor confidence.

Negative

None.

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News Market Reaction – MT

The recorded move for MT in the trading session of this news was +3.74%.

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06/01/2021 - 09:30 AM EDT

01 June 2021, 15:30 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 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

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

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

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

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