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 theProgram: 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,
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