Designated person notification

Rhea-AI Summary

On 11 May 2021, ArcelorMittal informed about a share transaction by a Designated Person, accessible in the Luxembourg Stock Exchange’s OAM database and on its website. This transaction is related to the share buyback program announced on 4 March 2021. A Significant Shareholder has entered into a share repurchase agreement, ensuring their voting rights remain at 36.34% of ArcelorMittal’s share capital. Further details on this program can be found on their investor relations page.

Positive

• Significant Shareholder maintains voting rights at 36.34% through share repurchase agreement.

Negative

• None.

11 May 2021, 13:00 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 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 latest share transaction notification from ArcelorMittal related to?

The latest transaction notification relates to a share buyback program announced on March 4, 2021.

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

The agreement allows a Significant Shareholder to maintain their voting rights at 36.34% of the share capital.

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

Details about the share buyback program are available on ArcelorMittal's investor relations website.

When was the share transaction announcement made by ArcelorMittal?

The share transaction announcement was made on May 11, 2021.

Is the share transaction reported by ArcelorMittal available for public access?

Yes, it is available in the Luxembourg Stock Exchange’s electronic database OAM and on ArcelorMittal’s website.