Designated person notification

Rhea-AI Summary

ArcelorMittal announced a share transaction involving its Designated Person as per the Market Abuse Regulations. This transaction is linked to the share buyback program initiated on 29 July 2021. The company’s Significant Shareholder will enter into a share repurchase agreement to maintain their voting rights at 36.34% of ArcelorMittal’s share capital. More information regarding the share buyback can be accessed on the Luxembourg Stock Exchange and ArcelorMittal’s corporate website.

Positive

• Share repurchase agreement supports share price stability.
• Shareholder maintains significant voting rights at 36.34%.

Negative

• None.

26 October 2021, 18:30 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?

ArcelorMittal announced a share transaction involving a Designated Person under Market Abuse Regulations, connected to its share buyback program.

What is the significance of the share buyback program announced by ArcelorMittal?

The share buyback program helps maintain the voting rights of significant shareholders at 36.34% of the company's share capital.

When was the share buyback program initiated by ArcelorMittal?

The share buyback program was announced on 29 July 2021.

Where can I find more information about ArcelorMittal's share transactions?

Detailed information can be found on the Luxembourg Stock Exchange and on ArcelorMittal’s official website under Investors section.