Société Générale SA shareholding notification

Rhea-AI Summary

ArcelorMittal announced on June 7, 2021 that it received shareholding notifications from Société Générale SA. The notifications indicate that Société Générale reached voting rights thresholds of 5.01% on June 2 and 4.70% on June 3. Since the latter threshold is below 5%, no adjustments to the Company’s shareholding structure disclosure are required. These notifications comply with the Luxembourg Transparency Law and are accessible via the Luxembourg Stock Exchange and the Company's website.

Positive

• Compliance with Luxembourg Transparency Law is maintained.

Negative

• Société Générale's voting rights fell below the 5% threshold on June 3, indicating a decrease in their stake.

9 June 2021 12:10 CET

ArcelorMittal (the “Company”) announces that on 07 June 2021 it received two shareholding notifications from Société Générale SA. The notifications were made to reflect the entry into by Société Générale SA mainly of various financial instruments (as detailed in the notifications).

According to the notifications, the following thresholds of (potential) voting rights were reached:

-  5.01% on 02 June 2021, and

-  4.70% on 03 June 2021.

These notifications do not require any adjustments to the disclosure of the Company regarding its shareholding structure as the Company only reports shareholding thresholds above 5% on its website since, following the above-mentioned 03 June 2021 notification, Société Générale SA is again below this threshold.

These notifications are 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”.

These notifications are 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. 

FAQ

What voting rights threshold did Société Générale reach on June 2, 2021 for ArcelorMittal?

On June 2, 2021, Société Générale reached a voting rights threshold of 5.01%.

What was Société Générale's voting rights percentage on June 3, 2021?

Société Générale's voting rights percentage fell to 4.70% on June 3, 2021.

Do the recent notifications from Société Générale require adjustments to ArcelorMittal's shareholding structure?

No, since Société Générale's voting rights are below the 5% threshold, no adjustments are needed.

Where can I find the shareholding notifications for ArcelorMittal?

The notifications are available on the Luxembourg Stock Exchange’s OAM electronic database and on ArcelorMittal's investor relations website.

What law governs the shareholding notifications for ArcelorMittal?

The shareholding notifications are governed by the Luxembourg Transparency Law.