The Extraordinary General Meeting (EGM) of ArcelorMittal shareholders, held today in Luxembourg, approved both resolutions with a large majority.

928,122,478 shares or 51.46% of the company’s share capital were present or represented. 

The shareholders approved the two resolutions on the agenda:

  • to reduce the share capital of the company without distribution to shareholders, in order to reduce the par value of the shares in the company to an amount of 10 Euro cents per share (approved with 98.97% of the vote)
  • to increase the company’s authorised share capital including the authorisation to limit or cancel the shareholders’ preferential subscription rights (approved with 97.00% of the vote)

The results of the votes will be posted shortly on http://corporate.arcelormittal.com under Investors > Equity investors > Shareholders’ meetings, where the full documentation regarding the EGM is available.

About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 18 countries. In 2019, ArcelorMittal had revenues of $70.6 billion and crude steel production of 89.8 million metric tonnes, while iron ore production reached 57.1 million metric tonnes. Our goal is to help build a better world with smarter steels. Steels made using innovative processes which use less energy, emit significantly less carbon and reduce costs. Steels that are cleaner, stronger and reusable. Steels for electric vehicles and renewable energy infrastructure that will support societies as they transform through this century. With steel at our core, our inventive people and an entrepreneurial culture at heart, we will support the world in making that change. This is what we believe it takes to be the steel company of the future. ArcelorMittal is listed on the stock exchanges of New York (MT), Amsterdam (MT), Paris (MT), Luxembourg (MT) and on the Spanish stock exchanges of Barcelona, Bilbao, Madrid and Valencia (MTS). For more information about ArcelorMittal please visit: http://corporate.arcelormittal.com/

http://corporate.arcelormittal.com/
View all press releases