Designated person notification

Rhea-AI Summary

ArcelorMittal reported a share transaction notification by Designated Persons, as announced under the Market Abuse Regulations. This transaction is linked to a share buyback program initiated on 4 March 2021, aimed at maintaining significant shareholder voting rights at 36.34% of total share capital.

Details of the transaction and the share buyback program are accessible on the Luxembourg Stock Exchange and ArcelorMittal's official website under the Investors section.

Positive

• Share buyback program supports stock price stability.
• Maintaining significant shareholder voting rights at 36.34% reinforces investor confidence.

Negative

• None.

01 June 2021, 15:30 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 share transaction announcement from ArcelorMittal?

ArcelorMittal announced a notification of a share transaction by Designated Persons under Market Abuse Regulations.

When was the share buyback program initiated by ArcelorMittal?

The share buyback program was announced on 4 March 2021.

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

The significant shareholder's voting rights in ArcelorMittal's share capital is maintained at 36.34%.

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

Details about the share buyback program are available on ArcelorMittal's website under the Investors section.