Designated person notification
Rhea-AI Summary
ArcelorMittal announced a share transaction by a Designated Person, as mandated by the Market Abuse Regulations. This transaction relates to the company's share buyback program initiated on 17 November 2021. A significant shareholder has entered a share repurchase agreement to maintain their voting rights at 36.34% of ArcelorMittal’s share capital. The details are accessible on the Luxembourg Stock Exchange website and ArcelorMittal's corporate site under the Corporate Governance section.
Positive
- Share buyback program supports stock value.
- Significant shareholder maintains voting rights.
Negative
- None.
News Market Reaction – MT
On the day this news was published, MT gained 0.93%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
15 December 2021, 14:00 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
