Designated person notification

Rhea-AI Summary

On March 3, 2021, ArcelorMittal announced a notification regarding a share transaction by a Designated Person, in compliance with Market Abuse Regulations. This transaction is linked to the company’s share buyback program initiated on February 15, 2021. A significant shareholder has agreed to sell shares to maintain their voting rights at 36.34%. Details of the transaction can be accessed in the Luxembourg Stock Exchange’s electronic database and on ArcelorMittal’s website.

Positive

• Share buyback program reinforces shareholder value.
• Significant shareholder maintains voting rights at 36.34%.

Negative

• None.

03 March 2021 15:00 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 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 15 February 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 recent share transaction involving ArcelorMittal (MT)?

ArcelorMittal announced a share transaction related to its share buyback program, allowing a significant shareholder to maintain their voting rights.

What is the impact of the share buyback program on ArcelorMittal (MT)?

The share buyback program aims to enhance shareholder value and allows the significant shareholder to keep their voting rights at 36.34%.

When was the share buyback program announced by ArcelorMittal (MT)?

The share buyback program was announced on February 15, 2021.

Where can I find more information about ArcelorMittal's share transactions?

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