Société Générale SA shareholding notification
ArcelorMittal announced on June 7, 2021 that it received shareholding notifications from Société Générale SA.
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Rhea-AI Summary
ArcelorMittal announced on June 7, 2021 that it received shareholding notifications from Société Générale SA. The notifications indicate that Société Générale reached voting rights thresholds of 5.01% on June 2 and 4.70% on June 3. Since the latter threshold is below 5%, no adjustments to the Company’s shareholding structure disclosure are required. These notifications comply with the Luxembourg Transparency Law and are accessible via the Luxembourg Stock Exchange and the Company's website.
Positive
- Compliance with Luxembourg Transparency Law is maintained.
Negative
- Société Générale's voting rights fell below the 5% threshold on June 3, indicating a decrease in their stake.
Details
News Market Reaction – MT
The recorded move for MT in the trading session of this news was -0.31%.
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9 June 2021 12:10 CET
ArcelorMittal (the “Company”) announces that on 07 June 2021 it received two shareholding notifications from Société Générale SA. The notifications were made to reflect the entry into by Société Générale SA mainly of various financial instruments (as detailed in the notifications).
According to the notifications, the following thresholds of (potential) voting rights were reached:
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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
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
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