Designated person notification

Rhea-AI Summary

ArcelorMittal announces a share transaction by a Designated Person as per EU Market Abuse Regulations. This transaction is part of its share buyback program initiated on July 29, 2021. The significant shareholder entered into a repurchase agreement to maintain their voting rights at 36.34% of the company's share capital. For full details, the transaction information can be accessed on the Luxembourg Stock Exchange and ArcelorMittal's website.

Positive

• Share buyback program helps maintain voting rights.
• Significant shareholder maintains 36.34% voting power.

Negative

• None.

24 August 2021, 11:00 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 ArcelorMittal's recent share transaction?

ArcelorMittal announced a share transaction by a Designated Person, part of its share buyback program, to maintain voting rights.

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

The significant shareholder maintains a voting power of 36.34% in ArcelorMittal's share capital.

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

Details of ArcelorMittal's share buyback program are available on their corporate website under Investors section.

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

The share buyback program helps to maintain the shareholder's voting rights and may influence stock performance positively.

When was ArcelorMittal's share buyback program announced?

ArcelorMittal's share buyback program was announced on July 29, 2021.