The world’s largest steelmaker, ArcelorMittal has announced a share buyback programme.
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.
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.