Société Générale SA shareholding notification

Rhea-AI Summary

On 31 March 2021, Société Générale SA notified ArcelorMittal of an increase in its shareholding from 4.97% to 5.23%, effective 26 March 2021. This change reflects actual and potential voting rights, as required by the Transparency Law in Luxembourg. The details are available on the Luxembourg Stock Exchange’s OAM electronic database and ArcelorMittal's corporate website under ‘Investors - Corporate Governance - Shareholding structure’.

News Market Reaction – MT

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In the trading session that priced this news, MT gained 0.62%, reflecting a mild positive market reaction.

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01 April 2021, 15:15 CET

ArcelorMittal (‘the Company’) announces that Société Générale SA has notified it on 31 March 2021 of an increase from 4.97% to 5.23% on 26 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

What was the increase in Société Générale's shareholding in ArcelorMittal?

Société Générale's shareholding in ArcelorMittal increased from 4.97% to 5.23%.

When did Société Générale notify about the shareholding increase?

Société Générale notified about the shareholding increase on 31 March 2021.

What date did the shareholding increase take effect for ArcelorMittal?

The increase took effect on 26 March 2021.

Where can I find the details of ArcelorMittal's shareholding structure?

Details can be found on the Luxembourg Stock Exchange’s OAM electronic database and on ArcelorMittal's corporate website.

What is the relevance of the Transparency Law in Luxembourg for ArcelorMittal?

The Transparency Law requires issuers to notify changes in shareholding above or below the 5% voting rights threshold.