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 theProgram: 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