Following the approval of the Reverse Stock Split (as defined below) by the Extraordinary General Meeting of shareholders of ArcelorMittal held on 10 May 2017, ArcelorMittal will proceed to consolidate each three existing shares in the Company without nominal value into one share without nominal value (the “Reverse Stock Split”). The Reverse Stock Split will become effective on 22 May 2017.
Following the approval of the Reverse Stock Split by the Extraordinary General Meeting of shareholders of ArcelorMittal held on 10 May 2017 ArcelorMittal announces the Effective Date.
ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and primary steelmaking facilities in 16 countries. In 2022, ArcelorMittal had revenues of $79.8 billion and crude steel production of 59.0 million metric tonnes, while iron ore production reached 45.3 million metric tonnes. Our purpose is to produce ever smarter steels that have a positive benefit for people and planet. 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/