Arcelormittal Stock Price, News & Analysis

ArcelorMittal has submitted its Annual Report 2020 on Form 20-F to the U.S. SEC, now accessible on their corporate website. The report includes audited financial statements for 2020. Shareholders can request a free hard copy of the report.

ArcelorMittal has announced a notification from Société Générale regarding changes in its shareholding. On March 3, 2021, Société Générale increased its shareholding from 4.79% to 5.01%, and then decreased back to 4.79% on March 4, 2021. These changes do not require adjustments to ArcelorMittal's disclosures, as the company reports only shareholdings over 5%. The notifications are accessible via the Luxembourg Stock Exchange and ArcelorMittal's investor relations website.

ArcelorMittal announced a notification of a share transaction involving its Directors or Executive Officers as per Regulation (EU) No 596/2014. This transaction is linked to the share buyback program initiated on 15 February 2021. A significant shareholder has entered into a repurchase agreement to sell shares, ensuring their voting rights in the company remain at 36.34%. Further information can be found on the ArcelorMittal website under the Investors section.

ArcelorMittal has successfully completed its share buyback program, repurchasing 27,113,321 shares for approximately €536.57 million (US$649.99 million), at an average price of €19.79. A new buyback program has been initiated today, totaling US$570 million, aligned with the company's capital returns policy. This program aims to meet obligations under equity-related debt and to reduce share capital, expected to conclude by 31 December 2021. The Significant Shareholder will sell an equivalent number of shares daily to maintain voting rights.

On March 3, 2021, ArcelorMittal announced a notification regarding a share transaction by a Designated Person, in compliance with Market Abuse Regulations. This transaction is linked to the company’s share buyback program initiated on February 15, 2021. A significant shareholder has agreed to sell shares to maintain their voting rights at 36.34%. Details of the transaction can be accessed in the Luxembourg Stock Exchange’s electronic database and on ArcelorMittal’s website.

ArcelorMittal has announced the availability of a notification regarding a share transaction by a Designated Person, such as Directors or Executive Officers. This notification complies with Article 19(3) of Regulation (EU) No 596/2014 on market abuse. Investors can access the details of this transaction on the Luxembourg Stock Exchange’s electronic database OAM and on the ArcelorMittal website under Investors > Corporate Governance > Share Transactions by Management.

ArcelorMittal has announced a share buyback program with a maximum amount of US$650 million, authorized by its AGM in June 2020. This program will help meet obligations related to debt exchangeable into equity securities and reduce share capital. Following this, a second program worth US$570 million will commence, aligning with the company's capital returns policy. Both buyback programs are set to be completed by 31 December 2021. The share repurchase agreement ensures that the Significant Shareholder maintains their voting rights.

ArcelorMittal announces a leadership transition with Aditya Mittal promoted to Chief Executive Officer, effective immediately. He succeeds Lakshmi N. Mittal, who will take on the role of Executive Chairman. The change follows the company's strong performance amidst 2020 challenges and aims to enhance its position as a global leader in steel production. Aditya emphasized the importance of decarbonization and sustainability in future strategies. Genuino Christino is appointed as the new Chief Financial Officer.

On February 11, 2021, ArcelorMittal (MT) reported its financial results for Q4 and FY 2020, revealing a net loss of $0.7 billion, a significant improvement from a $2.5 billion loss in 2019. The company achieved $1.5 billion in free cash flow despite a challenging market, with steel shipments down 18.2% to 69.1 million tonnes. Operating income was $2.1 billion, up from a loss the previous year. ArcelorMittal's gross debt dropped to $12.3 billion, the lowest since the 2006 merger. The company also initiated a $500 million share buyback program and a proposed dividend of $0.30 per share.