Designated person notification

Rhea-AI Summary

ArcelorMittal has announced a share transaction involving a Designated Person, as detailed in the Luxembourg Stock Exchange. The transaction is part of the company's share buyback program initiated on 29 July 2021. A Significant Shareholder has entered a share repurchase agreement to maintain voting rights at 36.34% of the company's share capital. Further information on the buyback program can be found on ArcelorMittal's corporate website.

Positive

• Share buyback program reinforces shareholder confidence.
• Voting rights maintained at 36.34%, indicating stable equity structure.

Negative

• None.

16 November 2021, 11:00 CET

With reference to Article 19(3) of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (Market Abuse Regulations), ArcelorMittal announces that a notification of a share transaction by a Designated Person (i.e. Directors or Executive Officers) is available in the Luxembourg Stock Exchange’s electronic database OAM on https://www.bourse.lu/home and on ArcelorMittal’s web site https://corporate.arcelormittal.com under Investors > Corporate Governance > Share Transactions by Management.

This transaction is directly connected to ArcelorMittal’s share buyback program announced on 29 July 2021. ArcelorMittal’s Significant Shareholder has entered into a share repurchase agreement with ArcelorMittal to sell shares so that its voting rights in ArcelorMittal’s share capital (net of treasury shares) is maintained at the current level of 36.34%. Further details on the share buyback program are available on https://corporate.arcelormittal.com under Investors > Equity investors > Share Buyback Program.

FAQ

What is the recent share transaction by ArcelorMittal?

ArcelorMittal announced a share transaction by a Designated Person, available in the Luxembourg Stock Exchange's database.

When was the share buyback program announced by ArcelorMittal?

The share buyback program was announced on 29 July 2021.

What percentage of voting rights does the Significant Shareholder maintain in ArcelorMittal?

The Significant Shareholder maintains voting rights at 36.34% of ArcelorMittal's share capital.

Where can I find more details about the share buyback program?

Detailed information about the share buyback program is available on ArcelorMittal's corporate website.

How does the share buyback program impact ArcelorMittal's stock?

The share buyback program may enhance shareholder value and stabilize the stock price by reducing the number of shares in circulation.