Société Générale SA shareholding notification

Rhea-AI Summary

ArcelorMittal has reported a decrease in shareholding by Société Générale from 5.09% to 4.97% as of 22 March 2021. This notification, submitted on 25 March 2021, is in compliance with Luxembourg's transparency regulations concerning significant voting rights thresholds. The relevant information is available on the Luxembourg Stock Exchange and ArcelorMittal’s corporate website. The company remains a leader in the steel and mining sector.

Positive

• Société Générale's shareholding remains above the significant voting rights threshold of 5%.
• ArcelorMittal continues to be a major player in the steel and mining industry with substantial production figures.

Negative

• A decrease in shareholding could suggest reduced investor confidence.
• The drop below the 5% voting rights threshold indicates potential changes in influence over company decisions.

 

26 March 2021, 13:00 CET

ArcelorMittal (‘the Company’) announces that Société Générale SA has notified it on 25 March 2021 of a decrease from 5.09% to 4.97% on 22 March 2021 in actual and potential shareholding (voting rights) in ArcelorMittal.

This notification is available in the Luxembourg Stock Exchange’s OAM electronic database on www.bourse.lu and on the Company’s website, corporate.arcelormittal.com under ‘Investors - Corporate Governance - Shareholding structure’.

This notification is published in reference to the Luxembourg law and the Grand Ducal regulation of 11 January 2008, on transparency requirements for issuers of securities (‘Transparency Law’) in view of a shareholding notification going above or below the 5% of voting rights threshold.

ENDS

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 17 countries. In 2020, ArcelorMittal had revenues of $53.3 billion and crude steel production of 71.5 million metric tonnes, while iron ore production reached 58.0 million metric tonnes.

Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future.

ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS).

For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/

Contact information ArcelorMittal Investor Relations
General	+44 20 7543 1128
Retail	+44 20 3214 2893
SRI	+44 20 3214 2801
Bonds/Credit E-mail	+33 171 921 026 investor.relations@arcelormittal.com
Contact information ArcelorMittal Corporate Communications
Paul Weigh Tel: E-mail:	+44 20 3214 2419 press@arcelormittal.com

FAQ

What was the shareholding change reported by Société Générale for ArcelorMittal on March 25, 2021?

Société Générale reported a decrease in its shareholding from 5.09% to 4.97% as of March 22, 2021.

What does a decrease in Société Générale's shareholding in ArcelorMittal indicate?

It may indicate reduced influence and potential concerns regarding investor confidence.

Where can I find the notification of shareholding changes for ArcelorMittal?

The notification is available on the Luxembourg Stock Exchange's website and ArcelorMittal's corporate site.

What date did Société Générale notify ArcelorMittal of the shareholding decrease?

Société Générale notified ArcelorMittal on March 25, 2021.