Designated person notification

Rhea-AI Summary

ArcelorMittal announced a share transaction involving a Designated Person as per EU regulations. The transaction relates to the company's share buyback program initiated on 29 July 2021. A significant shareholder has made a share repurchase agreement to maintain their voting rights in ArcelorMittal's share capital at 36.34%. Details of the buyback program can be found on ArcelorMittal's website and the Luxembourg Stock Exchange’s database.

Positive

• Share buyback program initiated on 29 July 2021 supports shareholder value.
• Significant shareholder maintains voting rights at 36.34%.

Negative

• None.

30 November 2021, 10:30 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 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 on November 30, 2021?

ArcelorMittal announced a share transaction by a Designated Person in connection with its share buyback program.

What is the significance of the share buyback program for ArcelorMittal?

The share buyback program helps maintain the significant shareholder's voting rights at 36.34%.

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

Details can be found on ArcelorMittal's website under Investors > Equity investors > Share Buyback Program.

How does the recent share transaction affect ArcelorMittal's stock?

The transaction aims to sustain the voting rights of a significant shareholder, potentially influencing investor confidence.