Designated person notification

Rhea-AI Summary

ArcelorMittal announced a notification of a share transaction involving its Directors or Executive Officers as per Regulation (EU) No 596/2014. This transaction is linked to the share buyback program initiated on 15 February 2021. A significant shareholder has entered into a repurchase agreement to sell shares, ensuring their voting rights in the company remain at 36.34%. Further information can be found on the ArcelorMittal website under the Investors section.

Positive

• Share buyback program enhances shareholder value.
• Significant shareholder maintains voting rights.
• Regulatory compliance with market abuse regulations.

Negative

• None.

 05 March 2021 17:05 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 www.bourse.lu and on ArcelorMittal’s web site www.arcelormittal.com under Investors > Corporate Governance > Share Transactions by Management.

This transaction is directly connected to ArcelorMittal’s share buyback program announced on 15 February 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 www.arcelormittal.com under Investors > Equity investors > Share Buyback Program.

FAQ

What is the recent share transaction involving ArcelorMittal (MT)?

ArcelorMittal reported a share transaction connected to its share buyback program, ensuring a significant shareholder's voting rights are maintained.

When was the share buyback program by ArcelorMittal (MT) announced?

The share buyback program was announced on 15 February 2021.

How much of ArcelorMittal's voting rights is a significant shareholder maintaining?

The significant shareholder is maintaining their voting rights at 36.34%.

Where can I find more details about ArcelorMittal's share buyback program?

More details can be accessed on ArcelorMittal's website under the Investors section.