Share buyback program 2021

ArcelorMittal announced on 15 February 2021 a share buyback program under the authorisation given by the annual general meeting of shareholders held on 13 June 2020 (the “Program”). 

The key terms of the Program are summarised below:

Objectives:
The shares acquired under this Program are intended to meet ArcelorMittal’s obligations under debt obligations exchangeable into equity securities, and/or ii) to reduce its share capital.

Maximum amount allocated to the Program:
ArcelorMittal intends to repurchase for an aggregate maximum amount of US$ 650 million in accordance with the resolution of the annual general meeting of shareholders held on 13 June 2020 and applicable market abuse regulations. [1].

Duration: over a period from 15 February 2021 until 31 December 2021.[2]

[1] The Significant Shareholder has declared its intention to enter into a share repurchase agreement with ArcelorMittal, to sell each trading day on which ArcelorMittal has purchased shares under the Program, an equivalent number of shares, at the proportion of the Significant Shareholder’s stake in the Company of 36.34% of issued and outstanding shares of ArcelorMittal, at the same price as the shares repurchased on the market. The effect of the share repurchase agreement is to maintain the Significant Shareholder’s voting rights in ArcelorMittal’s issued share capital (net of treasury shares) at the current level, pursuant to the Program.

[2] On completion of the Program, ArcelorMittal will commence a further share buyback program for an aggregate amount of US$570 million, in-line with the Company’s new capital returns policy announced on 11 February in the Company’s fourth quarter and full year 2020 financial results. Both share buybacks programs will be completed by 31 December 2021. Further details regarding this second share buyback program will be announced ahead of its commencement.

Reporting of transactions in accordance with Market Abuse Regulation

In accordance with Market Abuse Regulation, transactions relating to the buyback program are reported below:

Over the period 15 to 19 February 2021 a total of 6,594,513 shares were bought at a weighted average price of EUR 19.56. The detailed statement of own shares dealings made from 15 to 19 February 2021  is available at the following link: PDF

Over the period 22 to 26 February 2021 a total of 7,210,000 shares were bought at a weighted average price of EUR 19.77. The detailed statement of own shares dealings made from 22 to 26 February 2021  is available at the following link: PDF

Over the period 1 to 3 March 2021 a total of 3,455,828 shares were bought at a weighted average price of EUR 20.28. The detailed statement of own shares dealings made from 1 to 3 March 2021 is available at the following link: PDF

 


Share buyback program 2020

ArcelorMittal announced on 28 September 2020 a share buyback program under the authorisation given by the annual general meeting of shareholders held on 13 June 2020 (the “Program”). 

The key terms of the Program are summarised below:

Objective:
The shares acquired under this Program are intended to meet ArcelorMittal’s obligations under debt obligations exchangeable into equity securities, and/or ii) to reduce its share capital.

Maximum amount allocated to the Program:
ArcelorMittal intends to repurchase for an aggregate maximum amount of US$ 500 million in accordance with the resolution of the annual general meeting of shareholders held on 13 June 2020 and applicable market abuse regulations.

Duration: over a period from 28 September 2020 until 31 March 2021.

Reporting of transactions in accordance with Market Abuse Regulation

In accordance with Market Abuse Regulation, transactions relating to the buyback program are reported below:

Over the period 28 September 2020 to 2 October 2020 a total of 7,414,662 shares were bought at a weighted average price of EUR 11.44. The detailed statement of own shares dealings made from 28 September 2020 to 2 October 2020 is available at the following link: PDF

Over the period 5 to 9 October 2020 a total of 176,491 shares were bought at a weighted average price of EUR 11.66. The detailed statement of own shares dealings made from 5 to 9 October 2020 is available at the following link: PDF

Over the period 12 to 16 October 2020 a total of 8,581,177 shares were bought at a weighted average price of EUR 11.93. The detailed statement of own shares dealings made from 12 to 16 October 2020 is available at the following link: PDF

Over the period 19 to 23 October 2020 a total of 9,031,156 shares were bought at a weighted average price of EUR 12.34. The detailed statement of own shares dealings made from 19 to 23 October 2020 is available at the following link: PDF

Over the period 26 to 30 October 2020 a total of 10,432,767 shares were bought at a weighted average price of EUR 11.91. The detailed statement of own shares dealings made from 26 to 30 October 2020 is available at the following link: PDF


Share buyback program 2019

ArcelorMittal announced on 7 February 2019 a share buyback program under the authorisation given by the annual general meeting of shareholders held on 5 May 2015 (the “Program”). 

The key terms of the Program are summarised below:

Objective:
The shares acquired under this Program are intended to meet ArcelorMittal’s obligations arising from employee share programs. 

Maximum amount allocated to the Program:
ArcelorMittal intends to repurchase for an aggregate maximum amount of US$ 113.424 in accordance with the resolution of the annual general meeting of shareholders held on 5 May 2015 and applicable market abuse regulations.

Maximum number of shares to be acquired: 4,000,000 shares, and

Duration: over a period from 11 February 2019 until 31 December 2019.

Reporting of transactions in accordance with Market Abuse Regulation

In accordance with Market Abuse Regulation, transactions relating to the buyback program are reported below:

Over the period 11 February 2019 to 15 February 2019 a total of 4,000,000 shares were bought at a weighted average price of EUR 19,89. 
The detailed statement of own shares dealings made from 11 February 2019 to 15 February 2019 is available at the following link: PDF


Share buyback program 2018

Announcement of the share buyback program prior to the start of trading  

ArcelorMittal announced on 13 March 2018 a share buyback program under the authorisation given by the annual general meeting of shareholders held on 5 May 2015 (the “Program”). 

The key terms of the Program are summarised below:

Objective:
The shares acquired under this Program are intended to meet ArcelorMittal’s obligations arising from:
share options programs, or other allocation of shares, to employees or to members of management including the CEO Office of ArcelorMittal or Group companies

Maximum amount allocated to the Program:
ArcelorMittal intends to repurchase for an aggregate maximum amount of US$ 280,000,000 in accordance with the resolution of the annual general meeting of shareholders held on 5 May 2015 and applicable market abuse regulations.

Maximum number of shares to be acquired: 7,000,000 shares, and

Duration: over a period from 13 March 2018 until 5 May 2020.

Reporting of transactions in accordance with Market Abuse Regulation

In accordance with Market Abuse Regulation, transactions relating to the buyback program are reported below:

Over the period 13 March 2018 to 16 March 2018 a total of 3,343,000 shares were bought at a weighted average price of EUR 26.48. The detailed statement of own shares dealings made from 13 March 2018 to 16 March 2018 is available at the following link: PDF.

Over the period 19 March, 2018 to 23 March, 2018 a total of 3,657,000 shares were bought at a weighted average price of EUR 26.20. The detailed statement of own shares dealings made from 19 March, 2018 to 23 March, 2018 is available at the following link: PDF