Société Générale SA shareholding notification

ArcelorMittal has announced a notification from Société Générale regarding changes in its shareholding.

(Low)

(Neutral)How Sentiment works

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.

How Sentiment works How the balance works

Rhea-AI Summary

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.

Argus Session date unavailable

+0.41% session move Open Argus

Details

News Market Reaction – MT

The recorded move for MT in the trading session of this news was +0.41%.

Data tracked by StockTitan Argus. Session date unavailable.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google

03/08/2021 - 12:50 PM EST

8 March 2021, 18:50 CET

ArcelorMittal (‘the Company’) announces that Société Générale SA has notified it on 8 March 2021 of an increase from 4.79% to 5.01% on 3 March 2021 and of a decrease from 5.01% to 4.79% on 4 March 2021 in actual and potential shareholding (voting rights) in ArcelorMittal.

These notifications do not require any adjustments to the disclosure of the Company regarding its shareholding structure as the Company only reports shareholding thresholds above 5% on its website since, following the above-mentioned 8 March 2021 notifications, Société Générale SA is again below this threshold.

These notifications are 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”.

These notifications are 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 5% of voting rights threshold.

FAQ

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

What was the shareholding change reported by Société Générale regarding ArcelorMittal on March 3, 2021?

Société Générale increased its shareholding in ArcelorMittal from 4.79% to 5.01% on March 3, 2021.

Did Société Générale's shareholding change affect ArcelorMittal's disclosure requirements?

No, the changes did not require adjustments as ArcelorMittal only reports thresholds above 5%.

What was the subsequent change in Société Générale's shareholding on March 4, 2021?

On March 4, 2021, Société Générale decreased its shareholding back to 4.79%.

Where can I find the notifications about Société Générale's shareholding in ArcelorMittal?

The notifications are available on the Luxembourg Stock Exchange’s website and ArcelorMittal's investor relations site.

Keep reading

Trending in the feed

EDSA

Edesa Biotech Announces Agreement with KYORIN Pharmaceutical to Develop and Commercialize Paridiprubart in Japan Open the live feed