Enhanced Investments - Financial Portal

Published: 2022-04-26 16:33:50 ET

EX-99.1 2 brhc10036752_ex99-1.htm EXHIBIT 99.1

Exhibit 99.1

press release

ArcelorMittal announces the completion of its US$1 billion share buyback program

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

	General	+44 20 7543 1128
	Retail	+44 20 3214 2893
	SRI	+44 20 3214 2801
	Bonds/Credit	+33 171 921 026
	E-mail	investor.relations@arcelormittal.com


	Contact information ArcelorMittal Corporate Communications

	Paul Weigh
	Tel:	+44 20 3214 2419
	E-mail:	press@arcelormittal.com

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Performance results were prepared by Enhanced Investments, and have not been compiled, reviewed or audited by an independent accountant. Performance estimates are subject to future adjustment and revision. Investors should be aware that a loss of investment is possible. Account holdings are for illustrative purposes only and are not investment recommendations. Additional information, including (i) the calculation methodology; and (ii) a list showing the contribution of each holding to the portfolio’s performance during the time period will be provided upon request.
All statements made via social media sites sponsored or maintained by Enhanced Investments and its affiliates are for informational purposes only and do not constitute a comprehensive description of Enhanced Investments' investment advisory services.
Certain investments are not suitable for all investors. Before investing, consider your investment objectives and applicable fees. The rate of return on investments can vary widely over time, especially for long term investments. Investment losses are possible, including the potential loss of all amounts invested. Information provided by Enhanced Investments is for informational and general educational purposes only and is not investment or financial advice.