ArcelorMittal announces the completion of its US$1 billion share buyback program
April 26 2022 - 11:00AM
26
April 2022,
17:00
CET
ArcelorMittal (the ‘Company’) today announces that it has
completed its US$1 billion share buyback program announced on 11
February 2022 under the authorization given by the annual general
meeting of shareholders of 8 June 2021.
By market close on 25 April 2022, ArcelorMittal had repurchased
31,751,960 shares for a total value of €910,760,633.77 (equivalent
to US$999,999,973.17) at an approximate average price per share of
€28.68. All details are available on the Company’s website at:
https://corporate.arcelormittal.com/investors/equity-investors/share-buyback-program
ENDS
About ArcelorMittal
ArcelorMittal is the world's leading steel and
mining company, with a presence in 60 countries and primary
steelmaking facilities in 16 countries. In 2021, ArcelorMittal had
revenues of $76.6 billion and crude steel production of 69.1
million metric tonnes, while iron ore production reached 50.9
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/
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Contact
information ArcelorMittal Investor Relations |
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General |
+44 20 7543
1128 |
Retail |
+44 20 3214
2893 |
SRI |
+44 20 3214
2801 |
Bonds/CreditE-mail |
+33 171 921
026investor.relations@arcelormittal.com |
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Contact
information ArcelorMittal Corporate Communications |
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Paul
WeighTel:E-mail: |
+44 20
3214 2419press@arcelormittal.com |
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