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ArcelorMittal announces share buyback program

/EIN News/ -- 7 February 2019 - ArcelorMittal today announces a share buyback program (the ‘Program’) under the authorization given by the annual general meeting of shareholders held on May 5, 2015 (the ‘AGM Authorization’).

The shares acquired under the Program are intended to meet ArcelorMittal's obligations arising from employee share programs. ArcelorMittal intends to repurchase between 11 February 2019 and 31 December 2019 up to 4 million shares for an aggregate maximum amount of US$113.424 million in accordance with the AGM Authorization and applicable market abuse regulations.

ENDS
About ArcelorMittal

ArcelorMittal is the world's leading steel and mining company, with a presence in 60 countries and an industrial footprint in 18 countries. Guided by a philosophy to produce safe, sustainable steel, we are the leading supplier of quality steel in the major global steel markets including automotive, construction, household appliances and packaging, with world-class research and development and outstanding distribution networks.

Through our core values of sustainability, quality and leadership, we operate responsibly with respect to the health, safety and wellbeing of our employees, contractors and the communities in which we operate.

For us, steel is the fabric of life, as it is at the heart of the modern world from railways to cars and washing machines. We are actively researching and producing steel-based technologies and solutions that make many of the products and components people use in their everyday lives more energy efficient.

We are one of the world’s five largest producers of iron ore and metallurgical coal. With a geographically diversified portfolio of iron ore and coal assets, we are strategically positioned to serve our network of steel plants and the external global market. While our steel operations are important customers, our supply to the external market is increasing as we grow.

In 2017, ArcelorMittal had revenues of $68.7 billion and crude steel production of 93.1 million metric tonnes, while own iron ore production reached 57.4 million metric tonnes.

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/


 
 
Contact information ArcelorMittal Investor Relations  
   
Europe +442075431156
Americas +13128993985
Retail +442075431156
SRI +442075431156
Bonds/Credit +33171921026
   
   
Contact information ArcelorMittal Corporate Communications  
 

E-mail:
 

press@arcelormittal.com
Phone: +442076297988
   
   
ArcelorMittal Corporate Communications  
   
Paul Weigh +442032142419

 

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Distribution channels: Mining Industry


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