Designated person notification

Rhea-AI Summary

ArcelorMittal reports a share transaction following its share buyback program launched on 29 July 2021. A Designated Person has confirmed a transaction available on the Luxembourg Stock Exchange and ArcelorMittal’s website. This transaction ensures that a Significant Shareholder maintains a 36.34% voting right in the company’s share capital, net of treasury shares. Details of the buyback program can be found on the investor relations section of the ArcelorMittal website.

Positive

• Significant Shareholder maintains voting rights at 36.34%
• Transaction aligns with ongoing share buyback program

Negative

• None.

05 October 2021, 12:00 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 29 July 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 is the recent share transaction related to ArcelorMittal?

ArcelorMittal announced a share transaction in connection with its share buyback program, allowing a Significant Shareholder to maintain a voting right of 36.34%.

When was the share buyback program announced by ArcelorMittal?

The share buyback program was announced on 29 July 2021.

Where can I find details of ArcelorMittal's share transactions?

Details can be found on the Luxembourg Stock Exchange’s electronic database and on ArcelorMittal’s website under the Corporate Governance section.

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

The share transaction allows the Significant Shareholder to maintain their voting rights at 36.34% of the share capital, net of treasury shares.