Designated person notification

Rhea-AI Summary

On September 7, 2021, ArcelorMittal announced a share transaction notification related to its share buyback program initiated on July 29, 2021. This action is crucial as it allows a significant shareholder to maintain a voting rights level of 36.34% in the company's capital. The details of the transaction can be accessed through the Luxembourg Stock Exchange's electronic database and ArcelorMittal’s official websites. The notification is part of the company's compliance with Market Abuse Regulations, ensuring transparency in share dealings.

Positive

• Share buyback program supports share price stability.
• Shareholder maintains significant voting rights at 36.34%.

Negative

• None.

07 September 2021, 11:30 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 transaction on September 7, 2021?

The transaction relates to ArcelorMittal's share buyback program and allows a major shareholder to maintain a 36.34% voting rights stake.

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

Details can be found on the Luxembourg Stock Exchange's electronic database and ArcelorMittal's corporate website.

What was the purpose of ArcelorMittal's share buyback program announced on July 29, 2021?

The program aims to stabilize share prices and allow significant shareholders to maintain their voting rights.