ArcelorMittal (MT) Announces $1.4B Share Buyback

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Go back to ArcelorMittal (MT) Announces $1.4B Share Buyback

ArcelorMittal announces the commencement of a new share buyback program of 60,431,380 shares for 2022-20

July 29, 2022 5:00 AM EDT

29 July 2022, 11:00 CET

Following publication of the second quarter 2022 and half year 2022 results press release dated 28 July 2022 (the ER Press Release)1, ArcelorMittal announces a new share buyback program of 60,431,380 shares in the amount of approximately US$1.4 billion (at current share price2) (the Program) under the authorization given by the annual general meeting of shareholders of 4 May 2022, bringing the total 2022 buybacks announced so far to approximately US$3.4 billion. For the background to this Program, reference is made to... More