BlackRock Inc. shareholding notification

Rhea-AI Summary

On January 19, 2022, ArcelorMittal announced it received a shareholding notification from BlackRock Inc., indicating that BlackRock's voting rights reached 5.24% on January 18, 2022. This notification is part of compliance with Luxembourg's transparency laws regarding significant shareholdings. The relevant details are accessible through the Luxembourg Stock Exchange and ArcelorMittal's corporate website. ArcelorMittal is a leading global steel and mining company with operations in 60 countries and significant revenue and production metrics from previous years.

Positive

• BlackRock now holds 5.24% voting rights, indicating confidence from a major investor.

Negative

• None.

19 January 2022, 18:00 CET

ArcelorMittal (the “Company”) announces that on 19 January 2022 it received a shareholding notification from BlackRock Inc.

According to the notification, the following thresholds of (potential) voting rights were reached:

-  5.24% on 18 January 2022.

These 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. 

ENDS

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes.

Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/

Contact information ArcelorMittal Investor Relations
General	+44 20 7543 1128
Retail	+44 20 3214 2893
SRI	+44 20 3214 2801
Bonds/Credit E-mail	+33 171 921 026 investor.relations@arcelormittal.com
Contact information ArcelorMittal Corporate Communications
Paul Weigh Tel: E-mail:	+44 20 3214 2419 press@arcelormittal.com

FAQ

What percentage of voting rights does BlackRock hold in ArcelorMittal (MT)?

As of January 18, 2022, BlackRock holds 5.24% of the voting rights in ArcelorMittal.

When did ArcelorMittal receive the shareholding notification from BlackRock?

ArcelorMittal received the shareholding notification on January 19, 2022.

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

The details of the shareholding notification can be found on the Luxembourg Stock Exchange's website and ArcelorMittal’s corporate website.

What are the implications of BlackRock's shareholding for ArcelorMittal (MT)?

BlackRock's shareholding may indicate increased investor confidence, possibly impacting stock performance positively.