ArcelorMittal (MT) commences new $1 billion share buyback program

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Go back to ArcelorMittal (MT) commences new $1 billion share buyback program

ArcelorMittal announces closing of its fourth share buyback program and the launch of a fifth US$1 billion share buyback program

November 17, 2021 8:15 AM EST

17 November 2021, 14:15 CET

ArcelorMittal (the Company) today announces that it has completed the fourth share buyback program announced on 29 July 2021 under the authorization given by the annual general meeting of shareholders of 8 June 2021 (the 2021 AGM Authorization).

By market close on 16 November 2021, ArcelorMittal had repurchased 67,404,066 shares for a total value of 1,881,270,528.80 (equivalent to US$2,199,999,614.74) at an approximate average price per share of 27.9103. All details are available on the Companys website at:... More