Designated person notification

Rhea-AI Summary

ArcelorMittal has announced a share transaction involving a Designated Person, as per Article 19(3) of the EU Market Abuse Regulations. The transaction is part of a share buyback program initiated on March 4, 2021, aimed at maintaining the Significant Shareholder's voting rights in the company at 36.34%. The transaction details are available on the Luxembourg Stock Exchange's electronic database OAM and ArcelorMittal's official website under the Corporate Governance section.

Positive

• Share buyback program supports share value.
• Significant Shareholder maintains 36.34% voting rights.

Negative

• None.

04 May, 2021, 11:15 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 purpose of ArcelorMittal's share buyback program announced on March 4, 2021?

The share buyback program aims to maintain the Significant Shareholder's voting rights at 36.34%.

How can I find details about ArcelorMittal's recent share transaction?

Details about the share transaction can be found on the Luxembourg Stock Exchange’s OAM database and ArcelorMittal’s website under the Investors section.

Who is involved in the recent share transaction by ArcelorMittal?

The transaction involves a Designated Person, specifically Directors or Executive Officers of ArcelorMittal.

What does the share transaction notification imply for ArcelorMittal shareholders?

It indicates ongoing management efforts to stabilize shareholding structure and voting powers.

When was the share transaction by ArcelorMittal announced?

The announcement was made on May 4, 2021.