Designated person notification

Rhea-AI Summary

On September 14, 2021, ArcelorMittal disclosed a share transaction linked to its buyback program initiated on July 29, 2021. A significant shareholder entered a share repurchase agreement to maintain their voting rights at 36.34% in ArcelorMittal’s capital. The transaction details can be reviewed in the Luxembourg Stock Exchange's OAM database and on ArcelorMittal’s corporate site under the Investors section.

Positive

• Share buyback program aims to maintain voting rights at 36.34% for significant shareholder.

Negative

• None.

14 September 2021, 12:30 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 on September 14, 2021?

ArcelorMittal announced a share transaction related to its buyback program to help maintain a significant shareholder's voting rights at 36.34%.

How does ArcelorMittal's share buyback program affect its stock?

The buyback program supports share value by maintaining significant voting rights, potentially stabilizing investor confidence.

Where can I find details about ArcelorMittal's share transactions?

Details are available in the Luxembourg Stock Exchange's OAM database and on ArcelorMittal’s website under Investors.