Designated person notification

Rhea-AI Summary

On September 28, 2021, ArcelorMittal announced a notification regarding a share transaction by a Designated Person, as per the Market Abuse Regulations. This transaction links to the company's share buyback program initiated on July 29, 2021. A Significant Shareholder has engaged in a share repurchase agreement to sell shares, ensuring their voting rights in ArcelorMittal remain at 36.34%. Details about the buyback program are available on ArcelorMittal's investor relations website.

Positive

• Share repurchase agreement maintains significant shareholder's voting rights at 36.34%.
• Alignment with ongoing share buyback program enhances shareholder value.

Negative

• None.

28 September 2021, 11:45 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 share transaction did ArcelorMittal announce on September 28, 2021?

ArcelorMittal announced a notification of a share transaction by a Designated Person as per Market Abuse Regulations.

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

The share buyback program aims to maintain 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 investor relations website under 'Share Buyback Program'.

What is the significance of the share repurchase agreement for ArcelorMittal?

It ensures that the Significant Shareholder retains their voting power despite selling shares.