Designated person notification

Rhea-AI Summary

ArcelorMittal has announced a share transaction as part of its ongoing share buyback program initiated on March 4, 2021. The transaction is related to a significant shareholder entering a share repurchase agreement to maintain their voting rights at 36.34% of ArcelorMittal's share capital, net of treasury shares. Details about this transaction and the share buyback program are accessible on the Luxembourg Stock Exchange and ArcelorMittal’s official website under the corporate governance section.

Positive

• Share repurchase agreement helps maintain significant shareholder voting rights at 36.34%.
• Share buyback program reflects commitment to shareholder value.

Negative

• None.

08 June 2021, 11:30 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 related to ArcelorMittal (MT)?

ArcelorMittal announced a share transaction linked to its share buyback program, maintaining a significant shareholder's voting rights.

How does the share buyback program affect ArcelorMittal's stock (MT)?

The share buyback program aims to enhance shareholder value by repurchasing shares and maintaining voting rights.

When was ArcelorMittal’s share buyback program announced?

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

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

Details can be found on ArcelorMittal's official website under the Investors section.