Designated person notification

Rhea-AI Summary

ArcelorMittal announced a share transaction by a Designated Person, reflecting ongoing activities related to its share buyback program initiated on 4 March 2021. A Significant Shareholder will sell shares to maintain their voting rights at 36.34% of the company’s share capital. Details of the transaction and the share buyback program can be accessed via the Luxembourg Stock Exchange and the ArcelorMittal website, ensuring transparency in compliance with Market Abuse Regulations.

Positive

• Share buyback program enhances shareholder value.
• Significant Shareholder maintains strategic voting rights at 36.34%.

Negative

• Share repurchase may indicate potential dilution for other shareholders.

25 May 2021, 14:00 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 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 4 March 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 significance of ArcelorMittal's share transaction on May 25, 2021?

It relates to a share buyback program and the maintenance of voting rights by a Significant Shareholder.

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

The program may boost shareholder value but could also lead to dilution concerns for other shareholders.

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

Details are available on ArcelorMittal's website under Investors > Equity investors > Share Buyback Program.

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

The Significant Shareholder maintains a voting rights percentage of 36.34%.