Designated person notification

Rhea-AI Summary

ArcelorMittal announces a share transaction by a Designated Person, confirming compliance with Article 19(3) of the Market Abuse Regulations. This transaction is part of the company's ongoing share buyback program initiated on 29 July 2021. The Significant Shareholder has signed a repurchase agreement to maintain their voting rights at 36.34% in ArcelorMittal's share capital. Details of the transaction are accessible in the Luxembourg Stock Exchange database and on ArcelorMittal's investor relations website.

Positive

• Share transaction aligns with company's ongoing share buyback program.
• Significant Shareholder maintains 36.34% voting rights, reinforcing stability.

Negative

• None.

09 November 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 the recent share transaction by ArcelorMittal?

ArcelorMittal announced a share transaction involving a Designated Person, linked to its ongoing share buyback program.

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

The share buyback program helps maintain voting rights and can provide support for the stock price.

What percentage of voting rights does the Significant Shareholder retain after the share transaction?

The Significant Shareholder retains 36.34% voting rights in ArcelorMittal.

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

Details about the share buyback program can be found on ArcelorMittal's corporate website under the Investors section.