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    MT   LU1598757687

ARCELORMITTAL

(MT)
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ArcelorMittal : cancels 50 million treasury shares

09/22/2021 | 11:20am EDT

22 September 2021, 17:20 CET

In line with the authorisation granted by the Extraordinary General Meeting of Shareholders held on 8 June 2021, the Board of ArcelorMittal has decided to cancel 50 million treasury shares to keep the number of treasury shares within appropriate levels. This cancellation takes into account the shares already purchased under the US$2.2 billion share buyback announced on 29 July 2021.

As a result of this cancellation, ArcelorMittal will have 982,809,772 shares in issue (compared to 1,032,809,772 before the cancellation).

Details on share buyback programs can be found at: https://corporate.arcelormittal.com/investors/equity-investors/share-buyback-program

With reference to article 14 of the Luxembourg law and the Grand Ducal regulation of 11 January 2008, on transparency requirements for issuers of securities (“Transparency Law”), ArcelorMittal announces that the total number of voting rights and capital is available in the Luxembourg Stock Exchange’s electronic database OAM on www.bourse.lu and on the Company’s website under “Investors - Corporate Governance - Shareholding structure”.


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Source: ArcelorMittal S.A.

2021 GlobeNewswire, Inc., source Press Releases

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Financials (USD)
Sales 2021 75 082 M - -
Net income 2021 13 296 M - -
Net Debt 2021 897 M - -
P/E ratio 2021 2,36x
Yield 2021 1,17%
Capitalization 30 252 M 30 254 M -
EV / Sales 2021 0,41x
EV / Sales 2022 0,40x
Nbr of Employees 168 000
Free-Float 51,4%
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Technical analysis trends ARCELORMITTAL
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TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
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Mean consensus BUY
Number of Analysts 17
Last Close Price 32,11 $
Average target price 46,52 $
Spread / Average Target 44,9%
EPS Revisions
Managers and Directors
Aditya Mittal Chief Executive Officer & Director
Genuino M. Christino Chief Financial Officer & Executive Vice President
Lakshmi Niwas Mittal Executive Chairman
Pinakin Chaubal Chief Technology Officer
Henk Scheffer Secretary & Group Compliance Officer
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