29 July 2022, 11:00 CET
Following publication of the second quarter 2022 and half year 2022 results press release dated
The Significant Shareholder has decided not to participate in the Program consistent with the position announced in the press release dated
The shares acquired under the Program are intended:
1) To meet ArcelorMittal’s obligations under debt obligations exchangeable into equity securities;
2) To reduce ArcelorMittal’s share capital, and/or;
3) To meet ArcelorMittal’s obligations arising from employee share programs.
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2021, ArcelorMittal had revenues of
Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. 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
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 | +33 171 921 026 investor.relations@arcelormittal.com |
Contact information | |
Paul Weigh Tel: E-mail: | +44 20 3214 2419 press@arcelormittal.com |
1 https://corporate.arcelormittal.com/media/press-releases/arcelormittal-reports-second-quarter-2022-results
2 Based on share price as at
3 https://corporate.arcelormittal.com/media/press-releases/arcelormittal-announces-that-its-significant-shareholder-has-decided-not-to-further-participate-in-its-1-billion-share-buyback-program
Source:
2022 GlobeNewswire, Inc., source