Designated person notification

Rhea-AI Summary

ArcelorMittal announces a share transaction involving a Designated Person, in accordance with market abuse regulations. This transaction is part of the ongoing share buyback program initiated on 29 July 2021, aimed at maintaining its Significant Shareholder's voting rights at 36.34%. Details of the transaction can be accessed through the Luxembourg Stock Exchange's electronic database and ArcelorMittal's website.

Positive

• Share repurchase agreement helps maintain Significant Shareholder's voting rights.
• Continuation of the share buyback program indicates a commitment to shareholder value.

Negative

• None.

18 November 2021, 10:30 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 (MT)?

ArcelorMittal disclosed a share transaction by a Designated Person as part of its share buyback program initiated on 29 July 2021.

What does the share buyback program of ArcelorMittal involve?

The share buyback program allows ArcelorMittal to repurchase shares to maintain the Significant Shareholder's voting rights at 36.34%.

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

Details about ArcelorMittal's share transactions are available on the Luxembourg Stock Exchange’s electronic database and the company's official website.

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

The share buyback program was announced on 29 July 2021.