Designated person notification

Rhea-AI Summary

On 23 November 2021, ArcelorMittal announced a notification of a share transaction by a Designated Person, available on the Luxembourg Stock Exchange and its website. This transaction is linked to the company's share buyback program initiated on 29 July 2021, aimed at maintaining a significant shareholder's voting rights at 36.34%. Details on the buyback program can be found under Investors > Corporate Governance > Share Transactions by Management.

Positive

• Share transaction linked to ongoing buyback program.
• Maintenance of significant shareholder's voting rights at 36.34%.

Negative

• None.

23 November 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 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 the share transaction by ArcelorMittal on 23 November 2021?

The transaction is part of ArcelorMittal's share buyback program and aims to maintain a significant shareholder's voting rights at 36.34%.

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

Details about the share buyback program can be found on ArcelorMittal's website under Investors > Equity investors > Share Buyback Program.

What was announced by ArcelorMittal on 29 July 2021?

On 29 July 2021, ArcelorMittal announced its share buyback program.

How can I access the notification of share transactions by ArcelorMittal?

The notification is available on the Luxembourg Stock Exchange's electronic database and on ArcelorMittal’s website under Investors > Corporate Governance > Share Transactions by Management.