Designated person notification

Rhea-AI Summary

ArcelorMittal has announced a share transaction notification per the Market Abuse Regulations, detailing a share buyback program initiated on 29 July 2021. A significant shareholder will sell shares to maintain their voting rights at 36.34% of the company's share capital, net of treasury shares. The details are accessible via the Luxembourg Stock Exchange's database and ArcelorMittal's official website under Investors > Corporate Governance > Share Transactions by Management. This strategic move underscores ArcelorMittal's commitment to its buyback program.

Positive

• Share buyback program initiated, demonstrating commitment to enhancing shareholder value.
• Significant shareholder maintains voting rights at 36.34%, indicating stability in management influence.

Negative

• None.

12 October 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 significance of ArcelorMittal's share buyback program as of 29 July 2021?

The share buyback program indicates ArcelorMittal's commitment to enhancing shareholder value by returning capital to its investors.

How does the share transaction affect ArcelorMittal's stock?

The share transaction is part of a buyback strategy that could support stock prices by reducing the number of shares in circulation.

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

Details on ArcelorMittal's share transactions are available on the Luxembourg Stock Exchange’s database and their corporate website.

What percentage of voting rights does the significant shareholder maintain in ArcelorMittal?

The significant shareholder maintains voting rights at 36.34% of ArcelorMittal’s share capital, net of treasury shares.

When was the share transaction notification announced by ArcelorMittal?

The share transaction notification was announced on 12 October 2021.