ArcelorMittal announces share buyback program prior to the start of trading
March 13 2018 - 2:01AM
Luxembourg, 13 March, 2018 - ArcelorMittal announces a share
buyback program under the authorization given by the annual general
meeting of shareholders held on 5 May 2015 (the
"Program").
The key terms of the Program are summarized below:
- Objective: The shares acquired under this Program are intended
to meet ArcelorMittal's obligations arising from:
- share option programs, or other allocations of shares, to
employees or to members of management including the CEO Office of
ArcelorMittal or group companies.
- Maximum Amount allocated to the Program: ArcelorMittal intends
to repurchase for an aggregate maximum amount of US$ 280 000 000 in
accordance with the resolution of the annual general meeting of
shareholders held on 5 May 2015 and applicable market abuse
regulations.
- Maximum number of shares to be acquired: 7 000 000 shares,
and
- Duration: over a period from 13 March 2018 until 5 May
2020.
ENDS
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/
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Contact information ArcelorMittal Investor Relations |
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Europe |
+442075431156 |
Americas |
+13128993985 |
Retail |
+442075431156 |
SRI |
+442075431156 |
Bonds/Credit |
+33171921026 |
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Contact information ArcelorMittal Corporate
Communications |
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E-mail: |
press@arcelormittal.com |
Phone: |
+442076297988 |
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ArcelorMittal Corporate Communications |
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Paul
Weigh |
+442032142419 |
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France |
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Image 7 |
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Sylvie Dumaine / Anne-Charlotte Creach |
+33153707470 |
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