ArcelorMittal announces share buyback program prior to the start of trading
13 March 2018 - 5:00PM
ArcelorMittal S.A. / ArcelorMittal announces share buyback
program prior to the start of trading . Processed and transmitted
by Nasdaq Corporate Solutions. The issuer is solely responsible for
the content of this announcement.
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:
-
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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This
announcement is distributed by Nasdaq Corporate Solutions on behalf
of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: ArcelorMittal S.A. via Globenewswire
--- End of Message ---
ArcelorMittal S.A.
Berkeley Square House; 7th Floor London UK
ISIN: LU1598757687;
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