Société Générale SA shareholding notification

Rhea-AI Summary

ArcelorMittal announced shareholding notifications from Société Générale SA on August 6, 2021, concerning their voting rights. Société Générale SA reached a shareholding threshold of 5.40% on August 3, and 4.98% on August 4. As the notifications indicate that Société Générale SA is now below the 5% threshold, no adjustments to the company's shareholding disclosure are necessary. The notifications comply with Luxembourg's transparency regulations.

ArcelorMittal continues to focus on sustainable steel production and had revenues of $53.3 billion in 2020.

Positive

• No significant positive aspects reported.

Negative

• Société Générale SA's shareholding dropped below the 5% voting rights threshold, indicating a potential decrease in investor confidence.

Société Générale SA shareholding notification

06 August 2021, 17:10 CET

ArcelorMittal (the “Company”) announces that on 06 August 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:

-  5.40% on 03 August 2021, and

-  4.98% on 04 August 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 06 August 2021 notifications, 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. 

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 shareholding notification did ArcelorMittal receive on August 6, 2021?

ArcelorMittal received notifications from Société Générale SA regarding their voting rights, indicating thresholds of 5.40% on August 3 and 4.98% on August 4.

What was the recent shareholding percentage of Société Générale SA in ArcelorMittal?

Société Générale SA reached a shareholding of 5.40% on August 3, 2021, but fell to 4.98% on August 4, indicating they are below the 5% threshold.

How does the shareholding change affect ArcelorMittal's disclosure?

The change does not necessitate any adjustments to ArcelorMittal's disclosure, as they report shareholding levels above 5%.

What is ArcelorMittal's revenue in 2020?

ArcelorMittal reported revenues of $53.3 billion in 2020.

Where can I find more information about ArcelorMittal's shareholding structure?

Additional information on ArcelorMittal's shareholding structure can be found on their website under 'Investors - Corporate Governance - Shareholding structure'.