Designated person notification

Rhea-AI Summary

On April 27, 2021, ArcelorMittal reported a share transaction related to its share buyback program initiated on March 4, 2021. This involves a Significant Shareholder entering into an agreement to sell shares to maintain their voting rights at 36.34% of the company's share capital. The transaction details are available on the Luxembourg Stock Exchange’s electronic database and ArcelorMittal’s website under the Corporate Governance section. This move supports the company's strategic financial management and shareholder value preservation.

Positive

• Shareholder maintains voting rights at 36.34%, supporting stability in governance.

Negative

• None.

27 April, 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 recent share transaction by ArcelorMittal (MT)?

ArcelorMittal announced a share transaction on April 27, 2021, related to its share buyback program, where a Significant Shareholder is selling shares to maintain a 36.34% voting interest.

When did ArcelorMittal announce its share buyback program?

The share buyback program was announced on March 4, 2021.

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

Details about the share buyback program can be found on ArcelorMittal’s website under the Equity investors section.

How does the share transaction affect ArcelorMittal's voting rights?

The transaction ensures that the Significant Shareholder retains their 36.34% voting rights in ArcelorMittal's share capital.