What is the recent shareholding notification related to ArcelorMittal (MT)?

Société Générale SA has increased its shareholding in ArcelorMittal from 4.79% to 5.09% as of March 9, 2021.

Société Générale SA shareholding notification

ArcelorMittal announced a notification from Société Générale SA regarding an increase in shareholding from 4.79% to 5.09% as of March 9, 2021.

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Rhea-AI Summary

ArcelorMittal announced a notification from Société Générale SA regarding an increase in shareholding from 4.79% to 5.09% as of March 9, 2021. This change reflects actual and potential voting rights. The notification complies with the Luxembourg Transparency Law due to the shareholding surpassing the 5% threshold. Investors can access this notification on the Luxembourg Stock Exchange’s OAM electronic database and the company's investor relations website.

Positive

Increase in Société Générale SA's shareholding indicates potential confidence in ArcelorMittal's performance.

Negative

None.

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News Market Reaction – MT

The recorded move for MT in the trading session of this news was +0.67%.

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03/15/2021 - 11:45 AM EDT

15 March 2021, 16:45 CET

ArcelorMittal (‘the Company’) announces that Société Générale SA has notified it on 12 March 2021 of an increase from 4.79% to 5.09% on 9 March 2021 in actual and potential shareholding (voting rights) in ArcelorMittal.

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 5% of voting rights threshold.

FAQ

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

When was the shareholding increase in ArcelorMittal reported?

The increase was reported on March 12, 2021.

Why is the shareholding increase of Société Générale SA important for ArcelorMittal (MT)?

It reflects a change in voting rights, indicating potential confidence in the company's financial health.

Where can I find the shareholding notification for ArcelorMittal (MT)?

The notification is available on the Luxembourg Stock Exchange's OAM electronic database and the company's website.

What does the increase in Société Générale SA's shareholding imply?

It suggests a significant interest in ArcelorMittal, which could influence market perception positively.

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