Blackrock Inc. shareholding notification

Rhea-AI Summary

On March 16, 2022, ArcelorMittal announced it received a shareholding notification from BlackRock Inc., indicating a drop in voting rights to below 5% as of March 15, 2022. This notification complies with Luxembourg's Transparency Law regarding shareholding thresholds. The notification is accessible via the Luxembourg Stock Exchange and the company’s website. ArcelorMittal is a leading global steel and mining company, reporting revenues of $76.6 billion in 2021, with significant production metrics in steel and iron ore.

Positive

• ArcelorMittal maintains its position as a leading steel and mining company, with revenues of $76.6 billion in 2021.
• Significant production metrics: 69.1 million metric tonnes of crude steel and 50.9 million metric tonnes of iron ore in 2021.

Negative

• BlackRock's voting rights falling below 5% could indicate reduced confidence or interest in the company.

18 March 2022, 16:15 CET

ArcelorMittal (the ‘Company’) announces that on 16 March 2022 it received a shareholding notification from BlackRock Inc. According to the notification, the following threshold of (potential) voting rights was reached:

-  below 5% on 15 March 2022.

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.

ENDS

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of $76.6 billion and crude steel production of 69.1 million metric tonnes, while iron ore production reached 50.9 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 did BlackRock notify ArcelorMittal regarding voting rights on March 16, 2022?

BlackRock notified ArcelorMittal that its voting rights fell below 5% as of March 15, 2022.

How much revenue did ArcelorMittal report in 2021?

ArcelorMittal reported revenues of $76.6 billion in 2021.

What is the stock symbol for ArcelorMittal?

The stock symbol for ArcelorMittal is MT.

Where can I find the shareholding notification for ArcelorMittal?

The shareholding notification can be found on the Luxembourg Stock Exchange's OAM database and ArcelorMittal's corporate website.