Société Générale SA shareholding notification
ArcelorMittal has reported a decrease in shareholding by Société Générale from 5.09% to 4.97% as of 22 March 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
ArcelorMittal has reported a decrease in shareholding by Société Générale from 5.09% to 4.97% as of 22 March 2021. This notification, submitted on 25 March 2021, is in compliance with Luxembourg's transparency regulations concerning significant voting rights thresholds. The relevant information is available on the Luxembourg Stock Exchange and ArcelorMittal’s corporate website. The company remains a leader in the steel and mining sector.
Positive
- Société Générale's shareholding remains above the significant voting rights threshold of 5%.
- ArcelorMittal continues to be a major player in the steel and mining industry with substantial production figures.
Negative
- A decrease in shareholding could suggest reduced investor confidence.
- The drop below the 5% voting rights threshold indicates potential changes in influence over company decisions.
Details
News Market Reaction – MT
The recorded move for MT in the trading session of this news was +10.15%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
26 March 2021, 13:00 CET
ArcelorMittal (‘the Company’) announces that Société Générale SA has notified it on 25 March 2021 of a decrease from
This notification is available in the Luxembourg Stock Exchange’s OAM electronic database on www.bourse.lu and on the Company’s website, corporate.arcelormittal.com under ‘Investors - Corporate Governance - Shareholding structure’.
This notification is published in reference to the Luxembourg law and the Grand Ducal regulation of 11 January 2008, on transparency requirements for issuers of securities (‘Transparency Law’) in view of a shareholding notification going above or below the
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of
Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future.
ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).
For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/
| Contact information ArcelorMittal Investor Relations | |
| General | +44 20 7543 1128 |
| Retail | +44 20 3214 2893 |
| SRI | +44 20 3214 2801 |
| Bonds/Credit | +33 171 921 026 investor.relations@arcelormittal.com |
| Contact information ArcelorMittal Corporate Communications | |
| Paul Weigh Tel: E-mail: | +44 20 3214 2419 press@arcelormittal.com |
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