ArcelorMittal Completes First Share Buyback Tranche
Further to the announcement on April 7, 2025 of a new share buyback program covering the period from 2025 to May 2030, ArcelorMittal announced the completion of the first tranche of the program and the commencement of a second tranche. The first tranche of the program, under which 10M shares were repurchased at an average purchase price of EUR 49.32 per share, has now been completed in full. The repurchased shares are currently being held in treasury and will be cancelled in due course. A second tranche of the program for up to 10M shares will commence immediately, under the authorization given by the annual general meeting of shareholders of May 6, 2025. As communicated at the launch of the program, share repurchases are being conducted in tranches through to May 2030. The actual amount of shares to be repurchased in the various tranches will continue to depend on the level of post-dividend free cash flow generated over the period, the continued authorization by shareholders, and market conditions.
