STOCK TITAN

Designated person notification

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
Rhea-AI Summary

ArcelorMittal has announced a share transaction notification required under the EU Market Abuse Regulations. This transaction is linked to the company's ongoing share buyback program initiated on 4 March 2021. A significant shareholder has entered into a share repurchase agreement, ensuring their voting rights in ArcelorMittal's share capital remain at 36.34%. Further details can be accessed on the company's website.

Positive
  • Significant shareholder maintains voting rights at 36.34%
  • Share transaction aligns with ongoing share buyback program
Negative
  • None.

20 April, 2021, 15:00 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 www.bourse.lu and on ArcelorMittal’s web site www.arcelormittal.com under Investors > Corporate Governance > Share Transactions by Management.

This transaction is directly connected to ArcelorMittal’s share buyback program announced on 4 March 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 www.arcelormittal.com under Investors > Equity investors > Share Buyback Program.


FAQ

What is the recent share transaction by ArcelorMittal (MT) about?

ArcelorMittal announced a share transaction tied to its share buyback program, ensuring a significant shareholder retains 36.34% voting rights.

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

The share buyback program was announced on 4 March 2021.

How can I find more information about ArcelorMittal's share buyback program?

Further details on the share buyback program can be found on ArcelorMittal's website under the Investors section.

ArcelorMittal

NYSE:MT

MT Rankings

MT Latest News

MT Stock Data

17.84B
777.81M
4.29%
0.47%
Steel
Basic Materials
Link
United States of America
Luxembourg City