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
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