Société Générale SA shareholding notification

ArcelorMittal has reported a decrease in shareholding by Société Générale SA, falling from 5.23% to 4.28% as of April 30, 2021.

Rhea-AI Summary

ArcelorMittal has reported a decrease in shareholding by Société Générale SA, falling from 5.23% to 4.28% as of April 30, 2021. The notification was officially made on May 5, 2021, in compliance with Luxembourg’s Transparency Law. This change indicates a shift in the voting rights threshold for Société Générale, highlighting a significant alteration in their position as a shareholder. For additional details, the full notification can be found on the Luxembourg Stock Exchange website and ArcelorMittal’s investor relations page.

Positive

• None.

Negative

• Decrease in Société Générale's shareholding from 5.23% to 4.28%, indicating reduced confidence in ArcelorMittal.
• Shareholding going below the 5% voting rights threshold may suggest diminished influence or interest.

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10 May 2021, 11:30 CET

ArcelorMittal (‘the Company’) announces that Société Générale SA has notified it on 5 May 2021 of a decrease from 5.23% to 4.28% on 30 April 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.

What does the shareholding decrease from Société Générale imply for ArcelorMittal (MT)?

The decrease from 5.23% to 4.28% indicates a reduction in confidence or interest in ArcelorMittal by Société Générale.

When was the shareholding notification by Société Générale made?

The notification was officially made on May 5, 2021.

What is the current shareholding percentage of Société Générale in ArcelorMittal (MT)?

Société Générale currently holds 4.28% of the voting rights in ArcelorMittal.

What legal framework governs the shareholding notification for ArcelorMittal (MT)?

The notification is in compliance with the Luxembourg Transparency Law.

Where can I find more details about the shareholding changes of ArcelorMittal (MT)?

Details can be found on the Luxembourg Stock Exchange's website and ArcelorMittal’s investor relations page.