Designated person notification

Rhea-AI Summary

On June 29, 2021, ArcelorMittal announced a share transaction by a Designated Person under Market Abuse Regulations. This transaction is linked to the company's share buyback program initiated on June 18, 2021. The Significant Shareholder entered into a share repurchase agreement to retain a voting rights level of 36.34% in ArcelorMittal's share capital. Further details on the buyback program are accessible on the company’s website and the Luxembourg Stock Exchange’s database.

Positive

• Share buyback program aims to maintain significant shareholder's voting rights at 36.34%.
• Transaction supports shareholder value through share repurchase agreement.

Negative

• None.

29 June 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 significance of ArcelorMittal's share transaction on June 29, 2021?

The transaction is part of a share buyback program, keeping a significant shareholder's voting rights at 36.34%.

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

Details are available on ArcelorMittal’s website under Investors > Equity investors > Share Buyback Program.

What regulatory framework governs ArcelorMittal's share transaction announcements?

The announcements are governed by Article 19(3) of Regulation (EU) No 596/2014 on market abuse.

How does the share repurchase agreement affect ArcelorMittal's voting rights?

The agreement allows the Significant Shareholder to maintain their voting rights in the company’s share capital.