ArcelorMittal S.A.: ArcelorMittal announces new $2.2 billion share buyback program CET
ArcelorMittal (the Company ) today announces a new share buyback program in the amount of $2.2 billion (the Program ) under the authorization given by the annual general meeting of shareholders held on 8 June 2021 (the AGM Authorization ).
For the background to this Program, reference is made to the Company s second quarter and half year 2021 results press release dated 29 July 2021 which outlines that it will (i) return the proceeds from the redeemed Cleveland Cliffs preference shares and (ii) advance a part of its prospective 2022 capital return to shareholders (to be funded from 2021 surplus cash flow under the capital return policy announced in February 2021) by launching a new $2.2 billion share buyback. This Program will be completed by 31 December 2021, subject to market conditions.
ArcelorMittal S A : ArcelorMittal announces closing of its second share buyback program and launching of a third US$750 million share buyback program
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ArcelorMittal announces closing of its second share buyback program and launching of a third US$750 million share buyback program
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04 May, 2021, 11:15 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.