Designated person notification

Rhea-AI Summary

On May 18, 2021, ArcelorMittal announced a share transaction notification related to its share buyback program initiated on March 4, 2021. This transaction ensures that the significant shareholder maintains a voting interest of 36.34% in the company. The details of the transaction are available on the Luxembourg Stock Exchange’s electronic database OAM and ArcelorMittal's official website under the Corporate Governance section. This buyback program aims to stabilize shareholding structures while enhancing shareholder value.

Positive

• Significant shareholder maintains 36.34% voting rights after share repurchase agreement.
• Share buyback program initiated to enhance shareholder value.

Negative

• None.

18 May 2021, 10:15 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 www.bourse.lu and on ArcelorMittal’s web site www.arcelormittal.com under Investors > Corporate Governance > Share Transactions by Management.

This transaction is directly connected to ArcelorMittal’s share buyback program announced on 4 March 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 www.arcelormittal.com under Investors > Equity investors > Share Buyback Program.

FAQ

What is the purpose of ArcelorMittal's share buyback program announced on March 4, 2021?

The share buyback program aims to maintain the significant shareholder's voting rights at 36.34% while enhancing shareholder value.

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

Details can be found on the Luxembourg Stock Exchange's electronic database OAM and ArcelorMittal's website under Investors > Corporate Governance > Share Transactions by Management.

When was the share transaction notification by ArcelorMittal made public?

The share transaction notification was made public on May 18, 2021.

What percentage of voting rights does the significant shareholder maintain in ArcelorMittal after the recent transaction?

The significant shareholder maintains voting rights of 36.34% in ArcelorMittal.