ArcelorMittal starts second tranche of share buyback programme

ArcelorMittal (NYSE: MT) announced on June 30 the completion of the first tranche of its 2025–2030 share buyback programme and the immediate commencement of a second tranche, according to a company statement.

The first tranche involved the repurchase of 10 million shares at an average price of €49.32 per share. Those shares are currently held in treasury and will be cancelled.

The second tranche covers up to 10 million additional shares and was authorized by shareholders at the company's annual general meeting on May 6, 2025.

The programme, originally announced on April 7, 2025, runs through May 2030. Repurchases are conducted in tranches, with the volume of shares bought in each tranche dependent on post-dividend free cash flow, ongoing shareholder authorization, and market conditions. The company's stated policy is to return a minimum of 50% of post-dividend annual free cash flow.

Shares acquired under the programme are intended to reduce ArcelorMittal's share capital and to meet obligations arising from employee share programmes.

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