Designated person notification

Rhea-AI Summary

ArcelorMittal has announced a notification regarding a share transaction by a Designated Person, as stipulated by EU Market Abuse Regulations. This transaction is linked to the company's share buyback program initiated on November 17, 2021. A significant shareholder will sell shares to maintain their voting rights at 36.34% of the company's share capital. More details on the share buyback program can be found on ArcelorMittal's website and the Luxembourg Stock Exchange.

Positive

• The share transaction supports the stability of voting rights at 36.34%, enhancing shareholder confidence.

Negative

• None.

14 December 2021, 12:00 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 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 17 November 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 significance of ArcelorMittal's share transaction announced on December 14, 2021?

The transaction maintains a significant shareholder's voting rights at 36.34% amid a share buyback program, supporting market confidence.

When was ArcelorMittal's share buyback program announced?

The share buyback program was announced on November 17, 2021.

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

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

How does the December 14, 2021, announcement affect ArcelorMittal's stock?

The announcement reinforces the shareholder structure, which may positively influence stock perception among investors.