Designated person notification

Rhea-AI Summary

ArcelorMittal announces a share transaction notification for a Designated Person, available on the Luxembourg Stock Exchange and its website. This transaction relates to the share buyback program initiated on 18 June 2021. A significant shareholder has entered into a share repurchase agreement to maintain their voting rights in ArcelorMittal’s share capital at 36.34%. Additional details regarding the buyback program can also be found on the company's investor page.

Positive

• Share buyback program aims to support share price and maintain shareholder confidence.
• Significant shareholder's commitment helps stabilize voting rights.

Negative

• None.

06 July 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 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 18 June 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 involving ArcelorMittal?

ArcelorMittal disclosed a share transaction notification related to a Designated Person, part of its share buyback program.

How does the share buyback program impact ArcelorMittal's stock?

The share buyback program can support the share price by reducing the number of shares available on the market.

What is the voting rights percentage of ArcelorMittal's significant shareholder?

The significant shareholder maintains their voting rights at 36.34% through a share repurchase agreement.

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

Further details about the share buyback program are available on ArcelorMittal’s investor website.