Designated person notification

Rhea-AI Summary

ArcelorMittal announced a share transaction by a Designated Person, as mandated by the Market Abuse Regulations. This transaction relates to the company's share buyback program initiated on 17 November 2021. A significant shareholder has entered a share repurchase agreement to maintain their voting rights at 36.34% of ArcelorMittal’s share capital. The details are accessible on the Luxembourg Stock Exchange website and ArcelorMittal's corporate site under the Corporate Governance section.

Positive

• Share buyback program supports stock value.
• Significant shareholder maintains voting rights.

Negative

• None.

15 December 2021, 14:00 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 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 17 November 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 was announced by ArcelorMittal on December 15, 2021?

ArcelorMittal announced a share transaction by a Designated Person in line with the Market Abuse Regulations.

How is the share transaction related to ArcelorMittal's buyback program?

The transaction is linked to the share buyback program announced on November 17, 2021.

What percentage of voting rights does the significant shareholder retain in ArcelorMittal?

The significant shareholder's voting rights are maintained at 36.34% of the share capital.

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

More details can be found on ArcelorMittal's corporate website under the Investors section.